Man pleads guilty to money laundering

COEUR d'ALENE - A Minnesota man pleaded guilty Monday in United States District Court for conspiracy to commit money laundering.

Allan Hayes, 30 , was indicted by a federal grand jury in February of 2013 for the charge, which came as the result of a January 2013 traffic stop in Post Falls. According to a press release from U.S. Attorney Wendy Olson, Hayes was stopped by an Idaho State Police trooper who searched the vehicle and found more than $200,000 in the trunk.

"The defendant admitted the money was proceeds from the sale of marijuana," the release states. "Hayes told the officer that he was taking the money from Minnesota to California to pay for marijuana that was previously supplied and sold."

Hayes faces as much as 20 years in prison, a maximum fine of $500,000, and as much as three years of parole, the release states. Sentencing has been set for Nov. 12 at the federal courthouse in Coeur d'Alene.