A law school graduate operating a non-profit business pleaded guilty to conspiring to launder drug money,  US Attorney Barry Grissom said.

Mendy Read-Forbes ,39, pleaded guilty to one count of conspiracy. The Office of United States Attorney says she admitted that in March 2012 she began meeting with an agent posing as a drug deal. At the time Read-Forbes was operating Forbes & Newhard Credit Solutions, Inc., a nonprofit corporation that provides educational and social welfare services.

The US Attorney's office says Read-Forbes boasted to the agent she could use her legal training and connections with federal attorneys and law enforcement to launder the money through her business.

As a part of the scheme, Read-Forbes allegedly created a fake company called Maximus Lawn Care LLC. to whom she laundered more than $200,000 in purported drug funds.

She also agreed to invest her own money with the agent for purchase of marijuana.

Sentencing is scheduled for July 22.