Man Admits Real Estate Investment Ponzi Scheme

Written by Administrator on December 29th, 2011

Douglas F. Vaughan, 64, Albuquerque, New Mixico, pled guilty to wire and mail fraud charges that involved his operation of a real estate investment Ponzi scheme in which he fraudulently obtained more than $ 74 million from approximately 600 investors who were promised extraordinary returns.

Mortgage Fraud Blog – Perp Walk

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