Man Pleads Guitly to $200k in Laundered Money

COEUR D'ALENE, Idaho (KTVB) -- A 30-year-old Minneapolis man has pleaded guilty to conspiracy to commit money laundering after $200,000 was found in his trunk during a traffic stop in northern Idaho in January 2013.

Charging documents say Allan Hayes told investigators the money was the proceeds of the sale of marijuana and that he was taking the money to California to pay for marijuana that had already been sold.

The U.S. Attorney's Office says Hayes was indicted in February 2013 and pleaded guilty on Monday. Sentencing is set for Nov. 12 in U.S. District Court in Coeur d'Alene.

Money laundering charges apply to transporting or using the proceeds of unlawful activity with the intent to promote more unlawful activity.