A 47-year-old St. Landry Parish resident has pleaded guilty in federal court to his role in a 2013 cocaine distribution conspiracy, officials said Tuesday.
Steven Paul Banks, of Palmetto, pleaded guilty Monday to conspiracy to distribute 500 grams of cocaine and 28 grams of cocaine base, which is a form of cocaine, U.S. Attorney Stephanie Finley said.
Banks made his plea to federal Magistrate Judge Patrick Hanna. The plea becomes final upon approval by U.S. District Judge Richard Haik.
Finley said law enforcement agents recorded Banks and co-conspirators in August 2013 negotiating the purchase of cocaine for resale in the Melville, which is about 10 miles east of Palmetto.
Banks faces five to 40 years in prison, four to five years of supervised release and a fine up to $5 million, Finley said. A sentencing date was not set.
Agents with the Drug Enforcement Agency conducted the investigation of the case prosecuted by Assistant U.S. Attorneys Howard C. Parker and Robert F. Moore.