WACO (October 5, 2012)-A man pleaded guilty Thursday in federal court in Waco to conspiring with others to possess cocaine with the intent to distribute the drug, and to concealing the proceeds of an illegal transaction.
Judge Walter S. Smith, Jr., set sentencing for Refugio Vasquez for 1 p.m. on Nov. 28.
A federal grand jury indictment says Vasquez, Oliver Calderon, Benito Sanchez and Martin Fike, beginning in January 2003, conspired together to purchase and transport large quantities of cocaine into Central Texas, intending to sell the drugs here and in other cities.
The first count of the indictment charged the group with conspiring to possess and distribute methamphetamine, as well, but that charge was set aside Thursday.
Vasquez pleaded guilty to count two, the cocaine charge, and count three, which stated he and the other men concealed a financial transaction that dealt with gaining proceeds from the sale of an illegal substance.
Cases on Calderon, Sanchez and Fike have not yet been finalized.