Wild West Rip-Off
With a 30 year career in real estate, many thought broker Doug Vaughan was a man to be trusted. His charisma helped make him a fortune in New Mexico real estate. But it was all lies. He funded his luxurious living using investors' money to the tune of $75 million, who thought they were getting in on his guaranteed money making investments. When Vaughan ran out of investors and their money, investigators stepped in with undercover recorders to catch his investment pitch on tape and arrest him. He even went on TV in search of new money to pay for his criminal defense.