June 19, 2006

Vaughn's Mom Conned


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.

Source: IMDB

Posted by: Lawrenkm at 07:11 AM | Comments (1) | Add Comment
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1 Whew ... upon first read, I thought she lost $25 million of her own money, which prompted me to think, "whoa, Vaughn's momma is loaded!"

Posted by: Iceman at June 19, 2006 07:19 AM (Iomwr)

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