September 20, 2012
An Albuquerque man is sentenced to 12 years in prison for running the largest Ponzi scheme in the history of New Mexico.
Mollie Halpern: An Albuquerque man is sentenced to 12 years in prison for running the largest Ponzi scheme in the history of New Mexico.
David Backlund: There was no legitimate aspect to his investment program. It was just a complete fraud.
Halpern: I’m Mollie Halpern of the FBI. Douglas Vaughan, who ran what was once the largest independent real estate brokerage in the state, marketed his Deed of Trust program as a risk-free real estate investment. Instead, Vaughan fraudulently obtained more than $74 million from about 600 investors across the country. FBI case agent David Backlund…
Backlund: The really disgusting thing about this Ponzi scheme was that he targeted friends and he used family to recruit new investors. Worse yet is that a lot of the money that came in was retirement money from senior citizens, which they’re never going to get back.
Halpern: Through a computer forensic evaluation, investigators discovered thousands of Vaughan’s voicemails that had been downloaded to his computer.
Backlund: They were pretty egregious because you would hear investors either begging for their money or being led to believe that this was a legitimate investment.
Halpern: This has been Gotcha, the FBI’s closed case of the week.
- 03.14.2019 — Wanted by the FBI: Another Milestone for the Ten Most Wanted Fugitives List
- 03.13.2019 — FBI, This Week: Director Wray Mandates Visit to 9/11 Memorial and Museum for Trainees
- 03.08.2019 — FBI, This Week: Bureau Participates in Largest Nationwide Elder Fraud Sweep to Date
- 03.08.2019 — Esta Semana en el FBI: Recopilación en Curso de Información Acerca del Uso de la Fuerza Policial a Nivel Nacional
- 02.25.2019 — FBI, This Week: 2018 Preliminary Semiannual Uniform Crime Report Released