04/26/11 3:03 PM
http://washingtonexaminer.com/blogs/capital-land/2011/04/md-lawyer-admits-laundering-drug-profits
A Maryland lawyer has admitted he orchestrated a money-laundering scheme to cover up a client's drug proceeds.
Prosecutors said 39-year-old Brian W. Young, of Upper Marlboro, pleaded guilty to conspiracy to commit money laundering in federal court in Alexandria on Tuesday. He was accused of helping drug traffickers make their profits appear to be legitimate.
An indictment filed against Young in February alleged that he accepted tens of thousands of dollars from a client's marijuana sales and invested the cash in real estate to hide the funds. He was also accused of helping make a fraudulent will to protect drug assets and paying other attorneys to defend clients using drug-trafficking funds.
Young admitted to accepting more than $60,000 in cash from drug partners of marijuana dealer William Cornman, prosecutors said.
Young will be sentenced July 15. He faces up to 20 years in prison.