Last updated: Sunday, June 18, 2006
VAUGHN'S MOTHER CONNED OUT OF $25 MILLION
Actor VINCE VAUGHN's mother has been conned out of $25 million (GBP14 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 licence and been forced to pay $809,000 (GBP450,000). Around $21 million (GBP12 million) has reportedly been recovered and repaid to investors.
E-mail this to a friend
Printable version
Post a commentPOST A COMMENT
ENTERTAINMENT NEWS:
MCCARTNEY'S GRANDCHILDREN RECORD BEATLES HIT
SIR PAUL McCARTNEY's grandchildren have recorded their very own version of BEATLES hit WHEN I'M SIXTY-FOUR as a 64th birthday gift for him.
MORE NEWS:
. DIAMOND SELLS T-SHIRTS TO SAVE HOME
. PAMELA ANDERSON STRIPS FOR CHARITY
. THE BLACK EYED PEAS PERFORMING LIVE
. FOO FIGHTERS JOINED BY BRIT ROCK LEGENDS
. BRITNEY: 'I'M A GREAT HOUSEWIFE'
. MARIA SHARAPOVA TAKES A BREAK DURING TRAINING WITH HER FATHER YURI SHARAPOV.
. VAUGHN MAKES ANISTON A BETTER ACTRESS
. SPEARS' NAMIBIAN BABY HOAX
. BOGARDE SLAMMED ATTENBOROUGH AND GIELGUD
. PETA PUT FUR ON THE MENU FOR STUNNED BEYONCE
