Local Medical Doctor Pleads Guilty to Illegally Dispensing and Distributing Controlled Substances by Prescriptions and Money Laundering

Acting U.S. Attorney Duane A. Evans announced that FREDERICK FLOYD, D.O., age 58, a physician who practiced and resided in New Orleans, pled guilty today to a two-count Bill of Information charging him with illegally dispensing controlled substances and money laundering.

On July 7, 2017, DR. FLOYD was arrested on charges of distribution of controlled substances. According to court records, DR. FLOYD illegally dispensed and conspired with others to illegally dispense controlled substances, including Oxycodone, a Schedule II controlled substance, and other controlled substances. The original charge, contained in a complaint filed in court, states that DR. FLOYD dispensed more than 4.8 million dosages of controlled substances by prescriptions between January 1, 2015 and August 31, 2016.

DR. FLOYD made his initial appearance before U.S. Magistrate Court Judge Michael B. North on July 10, 2017. A detention hearing was held on July 12, 2017, and he has been detained since that date.

DR. FLOYD will face a mandatory term of 10 years in prison on the charges if the Court accepts the plea agreement. DR. FLOYD will also be subject to a fine of $1,250,000 and a term of supervised release of at least three years, following any term of imprisonment. U.S. District Judge Carl J. Barbier set sentencing on December 28, 2017.

Acting U.S. Attorney Evans praised the work of the Special Agents of the Drug Enforcement Administration, Internal Revenue Service, New Orleans Police Department, Jefferson Parish Sheriff’s Office, Harahan Police Department, Westwego Police Department, New Orleans District Attorney’s Office, Kenner Police Department, and St. Bernard Parish Sheriff’s Office in investigating this matter. Assistant United States Attorney John F. Murphy is in charge of the prosecution.