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Tag Archives: Plea bargain

Six Hundred Out Of $74 Million In Ponzi Scheme

Douglas Vaughan faces 10 to 12 years in prison after pleading guilty to wire and mail fraud charges that involved his operation of a “Ponzi” scheme where he defrauded around 600 investors of more than $74 million. Vaughan promised extraordinary returns which he obviously did not follow through with. In February of 2011, in an indictment alleging that, between 2005 ... Read More » To Pay $6.4 Million With Money Laundering Charges

    It was announced yesterday that the filing of a criminal information against corporations, R.S. Duffy and National A-1 Advertising, was issued charging them with money laundering and criminal forfeiture allegations including a plea agreement calling for the forfeiture of $4.9 million and a $1.5 million fine. According to the Information filed it’s alleged that the corporate defendants operated an Internet ... Read More »

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