NEWARK, N.J. – A Bergen County, New Jersey, man today admitted conspiring to launder the proceeds of narcotics activity, U.S. Attorney Craig Carpenito announced.
According to federal officials, Mr. Bobbie L. Henderson III, 36, of Edgewater, pleaded guilty before U.S. District Judge Stanley R. Chesler in Newark federal court to an information charging him with one count of conspiracy to launder monetary instruments.
According to the documents filed in this case and statements made in court:
From 2017 through May 23, 2019, Henderson conspired with others to launder the proceeds of narcotics distribution, with the intent to promote the distribution of narcotics.
Henderson further admitted possessing more than $850,000 in furtherance of this conspiracy. These funds were seized by law enforcement during the course of the investigation.
Conspiracy to launder monetary instruments is punishable by a maximum potential penalty of 20 years in prison and a $500,000 fine, or twice the value of the property involved in the transaction, whichever is greater.
Sentencing is scheduled for Jan. 8, 2020.