Lake Oswego resident, 47-year-old Michael Wayne Frost, pleaded guilty to distributing over 50 kilograms of cocaine and laundering the money to his business cryptocurrency accounts yesterday. He could get a maximum sentence of life in prison.

During a multi-agency investigation that included the Federal Bureau of Investigation, the Multnomah County Sheriff’s Office, Homeland Security Investigations, and the Asset Recovery and Money Laundering Unit at the United States Attorney’s Office, officers running several sting operations made controlled purchases of cocaine from Frost.

While executing a federal search warrant on Frost’s residence in Lake Oswego on July 2, 2024, agents seized a kilogram of cocaine and about $20,000 in cash from the residence. Other cash from cocaine sales had been l

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