A Portland multimillionaire has pleaded guilty to sexually abusing a neighborhood boy and has agreed to pay his victim and spend about nine years in prison.

PORTLAND — A Portland multimillionaire has pleaded guilty to sexually abusing a neighborhood boy and has agreed to pay his victim $1.6 million and spend about nine years in prison.

Scott Raymond Strickland pleaded guilty Tuesday in Multnomah County Circuit Court to first-degree sexual abuse and a related count. Judge Julie Frantz approved the deal and gave the 56-year-old former doctor and flight attendant about two weeks to turn himself in.

Strickland has told authorities he's worth about $2.5 million. The victim's lawyer, Josh Lamborn, says that after Strickland pays taxes and penalties on his assets, most of his life savings will go to his victim.

Lamborn said the money will pay for a possible lifetime of counseling for his client, as well as compensate him for the damage from years of abuse.

The victim recently told his girlfriend, and then his mother, that Strickland had sexually abused him starting when he was age 9 and ending at age 15.

"The abuse stopped when my client became a young man and he (Strickland) lost interest in him," Lamborn said.

Lamborn, who worked as a prosecutor until last year, helped negotiate the deal with Strickland and his lawyers, then asked the district attorney's office to sign off on it.

In approving the agreement, Senior Deputy District Attorney Don Rees said he took into account the victim's strong desire not to testify in a trial.

Strickland had no previous criminal history. Also, Rees said defense lawyer Scott Raivio presented "mitigating evidence" that indicated Strickland is unlikely to molest a child again.

Strickland was originally charged with multiple counts of first-degree sexual abuse, first-degree sodomy and other crimes and likely faced a stiffer prison term if convicted.

He was arrested in January.

In a hearing early this year, Strickland's lawyer said his client worked as a doctor for 18 years in Minnesota. The Oregonian says records from the Minnesota Board of Medical Practice show he was forced to resign in 1999 for inappropriate behavior and for falsifying his specialty credentials to say he was certified by the American Board of Internal Medicine.

He then moved to Oregon to work as a flight attendant and instructor for Alaska Airlines.