Man sentenced in scheme to defraud $2.7M from Alaskans
A Washington state man will serve 10 years in prison for bilking people in Dillingham, and others, out of $2.7 million-- even taking advantage of a man with cancer who ended up losing his house in the scheme. That man ended up dying, according to the U.S. Attorney's Office in Anchorage.
The office says 56-year-old Floyd Jay Mann, Jr., of Washington state, told victims he won a multi-million dollar settlement from a class-action lawsuit against a pharmaceutical company, and that victims would receive a substantial return on their money if they helped Mann pay medical bills and lawsuit-related expenses.
But, U.S. attorneys say there was no lawsuit settlement, and Mann used victims' money to gamble at a casino, collecting more than a million dollars while receiving need-based social security benefits.
Mann pleaded guilty to 11 counts of wire fraud and eight counts of money laundering; he must also pay full restitution to the people he scammed.
Mann's wife, Cheryl Mann, was previously convicted on one count of social security fraud in Washington.
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