Christopher “Farley” Woods, 57, of San Clemente, Calif., pleaded guilty Thursday to conspiracy to distribute cocaine, Idaho's U.S. Attorney Wendy J. Olson announced.
Woods was indicted by a federal grand jury in Boise this past August. According to the plea agreement, Woods admitted that between 2008 and 2015 he conspired to distribute cocaine by supplying co-conspirators in Idaho and Utah with 15 kilograms of cocaine. He also admitted to selling each kilo for $35,000. As part of his plea agreement, Woods agreed to forfeit $1.4 million in cash proceeds, his Orange County residence, $77,400 in seized currency and three million shares of stock.
Conspiracy to distribute cocaine is punishable by at least five and up to 40 years in prison and a fine of up to $5 million. Sentencing is set for May 24 at the federal courthouse in Boise.