Feds seek to garnish accounts of disgraced real estate mogul

Doug Vaughn

ALBUQUERQUE, N.M. (KRQE) – The feds have filed an application to garnish three bank accounts that belong to disgraced real estate mogul Doug Vaughan.

Vaughn is currently serving a 12 year prison sentence for bilking hundreds of investors out of a total of $75 million.

The feds say of the more than $43 million he owes to his victims, Vaughan has paid just $340.

They are going after his accounts at Bank of America, New Mexico Bank and Trust, and Washington Federal.

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