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W-OLF
06-19-2006, 07:04 PM
Vaughn's Mother Conned Out of $25 Million
Wedding Crashers actor Vince Vaughn's mother has been conned out of $25 million after falling for a scam investment scheme. Sharon Vaughn, 64, was once ranked one of America's top money managers but was swindled by a false hedge fund promising a 10 per cent return. Carrie Coolidge of Forbes magazine tells the New York Daily News, "She was incredibly naive. Who would believe you'd get 10 per cent a month - and that they'd donate a portion of the proceeds to charity?" According to reports, Vaughn has been helping investigators trap the scammers, but has lost her license and been forced to pay $809,000. Around $21 million has reportedly been recovered and repaid to investors.
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