ANCHORAGE, Alaska (AP) – Federal authorities have arrested a Washington state man suspected of defrauding Alaskans by promising to share a pharmaceutical settlement if they helped pay his medical expenses.
Federal prosecutors in Anchorage say 55-year-old Floyd Mann, Jr. of Puyallup (pew-AL-up) bilked Alaskans out of $2.7 million and used it to gamble.
He is charged with 11 counts of wire fraud and eight counts of money laundering.
Assistant U.S. Attorney Aunnie (AW-nee) Steward says Mann told victims he would receive a multimillion-dollar settlement from a class-action lawsuit.
He promised a substantial return from the settlement if victims paid his medical bills and other expenses related to the fictitious lawsuit.
He used money from victims to win more than $1 million at a casino.
Directory assistance did not list a phone number for Mann.
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