Electrician faces decades in prison for money laundering

Crime

Isaiah Holt will be sentenced March 9, 2020

portland couple marijuana interstate F_1529532540934.JPG.jpg

Evidence obtained by ATF agents in an investigation against Isaiah Lee Holt and Marjorie Livingston, a Portland couple accused of drug trafficking. (Courtesy: US Attorney’s Office)

PORTLAND, Ore. (KOIN) — A licensed electrician who is also a motivational speaker and a fitness coach is now once again a convicted felon after pleading guilty to federal charges for money laundering, drugs and guns.

Isaiah Holt faces decades in prison at his sentencing March 9, 2020, the US Attorney in Oregon’s Office said. Holt admitted conspiring to distribute and possess marijuana and cocaine in different states — which carries a maximum 20 year sentence. Money laundering also brings a maximum 20 year sentence. Illegally possessing a gun could bring 10 years in prison.

He’s also facing $1.5 million in fines.

portland couple marijuana interstate B_1529532506968.JPG.jpg

The case

The investigation began in July 2016 and continued until his original arrest in April 2018. Holt was a licensed pot producer in Portland and diverted his legal weed into the black market, the US Attorney for Oregon’s office said.

He got 2 people to use their bank accounts to launder his illegal marijuana sales money. His out-of-state customers would deposit money into these third-party accounts, which would then be withdrawn and given to Holt.

portland couple marijuana interstate C_1529532524561.JPG.jpg
Evidence obtained by ATF agents in an investigation against Isaiah Lee Holt and Marjorie Livingston, a Portland couple accused of drug trafficking. (Courtesy: US Attorney’s Office)

One of the people who helped was his girlfriend, Marjorie Livingston, who purchase and registered firearms for him using her name. She’s also been indicted and is expected to plead guilty on December 16.

But after his 2018 arrest Holt kept distributing cocaine, authorities said. Between April and August 2019, undercover agents three times bought cocaine from Holt. On his way to a 4th sale, Holt spotted a police car and took off, getting rid of about 2 ounces of cocaine while trying to get away.

Holt surrendered his guns and ammunition, $46,100 in cash and will pay a judgement of $32,600.

portland couple marijuana interstate_1529532571243.JPG.jpg
Evidence obtained by ATF agents in an investigation against Isaiah Lee Holt and Marjorie Livingston, a Portland couple accused of drug trafficking. (Courtesy: US Attorney’s Office)

Follow KOIN 6 for the latest news and weather

App

Download our FREE news and weather apps for iPhone, iPad and Android. You can also follow us on Facebook, Twitter and Instagram, and sign up for our email newsletters.

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Trending Stories

Don't Miss

More Don't Miss