By Steve Pope | March 4, 2019
A Pittsburgh man pleaded guilty in federal court Monday to cocaine trafficking and money laundering charges, according to United States Attorney Scott W. Brady.
According to court documents and information presented in court, Richard Stuart Wright, 76, and his co-defendant, 69-year-old Walter John Amman, III, had been purchasing kilogram level amounts of cocaine each month for over two decades.
Wright would process the cocaine by packaging it in smaller quantities and converting some into crack, prosecutors said.
More recently, Amman assisted Wright with the processing, packaging and distribution of the cocaine. After authorities made two controlled purchases of cocaine from Amman, search warrants were obtained for Wright’s home where cocaine, ammunition and a large amount of cash were recovered during the search
Police also recovered firearms, cocaine and a $1000 during a search of Amman’s residence.
Prosecutors alleged Wright and others laundered drug money by structuring deposits into a friend’s bank account.
Wright is alleged to have purchased over $100,000 of multiple postal money orders of $1,000 each, at multiple locations, in short time periods.
Wright’s sentencing is scheduled for July 18. He faces up to 60 years in prison, a fine of up to $2,500,000, or both.
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