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NM Real Estate Co. Denies Running $76M Ponzi Scheme

Law360 (February 28, 2011, 7:40 PM EST) -- A New Mexico real estate company executive accused of bilking 600 investors of more than $76 million in a Ponzi scheme was released after pleading not guilty to federal criminal charges in a detention hearing on Monday.

Vaughan Company Realtors CEO Douglas F. Vaughan is charged with three counts of wire fraud, 17 counts of mail fraud, five counts of money laundering and five counts of falsifying documents filed with the U.S. Securities and Exchange Commission, according to an indictment filed on Thursday in the U.S....
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