Local Medical Doctor Sentenced for Illegally Dispensing and Distributing Controlled Substances by Prescriptions and Money Laundering

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

U.S. District Judge Carl J. Barbier sentenced FLOYD to ten years (120 months) imprisonment.

According to court documents, 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.  At least half of this quantity was distributed illegally by DR.FLOYD.

As part of the sentence imposed, FLOYD was ordered to forfeit over $42,000 in property seized, currency, and real property. Additionally, the Court imposed a forfeiture money judgment against FLOYD in the amount of $2,500,880.41.

“Let DR. FLOYD’s conviction and forfeiture money judgement serve as notice to anyone who chooses to illegally distribute prescription opioids that your criminal acts will not be tolerated.  The Department of Justice, the Eastern District of Louisiana, and our federal, state, and local law enforcement partners are committed to battling the opioid epidemic.  The investigation and prosecution of these types of cases remains one of the top priorities of this office,” stated U.S. Attorney Duane A. Evans

“Dr. Frederick Floyd took an oath to serve humanity as an educated medical professional and decided to violate that oath and his duty by choosing to peddle prescription drugs for one sole purpose – greed.   His disgraceful conduct is part of the massive opioid epidemic faced by the entire nation and the greater New Orleans area today.  More than 116 Americans are dying every day from an opioid overdose and the deaths are continuing to rise.  Let this lengthy sentence be a message to all that DEA will continue to pursue, arrest, and prosecute drug traffickers of every type, including rouge medical professionals. We will continue to work with all of our law enforcement and community partners in an effort to combat this opioid epidemic and keep our communities safe,” stated DEA Special Agent in Charge Stephen G. Azzam.  

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 was in charge of the prosecution.