A Greeley businessman and philanthropist will be spending the next ten years behind bars, after pleading guilty to drug and money laundering charges in Weld County district court on February 13, 2020. 

Alberto Loya, also known as "Beto," was initially indicted by the Weld County Grand Jury in July 2019, after a multi-agency investigation revealed his involvement in a large cocaine distribution ring in northern Colorado. Loya allegedly served as the local head of the distribution group and was dealing multiple kilos in Greeley.

While in court on Thursday morning, Loya pleaded guilty to one count of Conspiracy to Possess with the Intent to Distribute a Controlled Substance, which is a class one drug felony. In addition, Loya pleaded guilty to Conspiracy to Money Launder, a class four felony.

As part of a plea agreement, both parties agreed that Loya would take the maximum sentence of 10 years in the Colorado Department of Corrections. He will be officially sentenced by a judge on May 19.

Weld County District Attorney
Weld County District Attorney

According to the Greeley Tribune, Loya was a founding member and former president of the Northern Colorado Latino Chamber of Commerce.

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