Fraudster Pleads Guilty

    ANCHORAGE, Alaska (AP) — A 55-year-old Washington state man who defrauded Alaskans out of $2.7 million has pleaded guilty to federal charges.

    Floyd Mann, Jr., of Puyallup (pew-AL'-up) was convicted Wednesday in Anchorage of wire fraud and money laundering. Assistant U.S. Attorney Aunnie Steward says Mann told victims he had won a multimillion-dollar settlement from a lawsuit with a pharmaceutical company. He promised victims large returns if they paid his medical bills and expenses related to the lawsuit.

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