ALBANY, N.Y. ( NEWS10 )– On Tuesday, two Capital Region residents pleaded guilty to their roles in a conspiracy to distribute drugs and commit money laundering. Lawrence Mumphrey, 45, of Albany, and Niara Banks, 32, of Troy, admitted to being members of an organization that shipped marijuana and THC from Fresno, California, to the Capital Region.
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Banks admitted to both receiving packages of marijuana from a shipping store in Fresno, at her home and another home in Albany. She also admitted to laundering the proceeds of drug sales via cashier’s checks. $65,880 in drug proceeds was used to purchase seven cashier’s checks in varying amounts.
The checks were made payable to Dwight Singletary; a company from which Singletary purchased real estate; and to a person from whom Dwight Singletary and his company, DAS Empire, Inc., purchased real estate.
Mumphrey admitted to receiving packages of marijuana from Fresno to his apartment in Albany and to selling items for the organization. He also admitted to laundering drug proceeds for the organization, purchasing 14 cashier’s checks with $132,270 in drug proceeds.