- Associated Press - Friday, September 8, 2017

NEW ORLEANS (AP) - A New Orleans physician has pleaded guilty to money laundering and illegally dispensing drugs.

The U.S. Attorney’s Office in New Orleans says in a Thursday news release that 58-year-old Frederick Floyd had been arrested in July. Prosecutors said he illegally dispensed - and worked with others to dispense - Oxycodone and other drugs.

Floyd pleaded guilty Thursday. U.S. District Judge Carl Barbier (BAHR’-bee-aye) set sentencing for Dec. 28.

The U.S. Attorney’s Office says Floyd faces a mandatory 10-year prison term if Barbier accepts the plea agreement in the case.

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