Vaughan answers to investors in federal courtroom

Doug vaughan went before the feds today to try to explain how he plans to pay back investors authorities say he cheated those investors out of 80-million dollars in a ponzi scheme cristina rodda was in federal court for today s meetings she s here with tonight s top story doug vaughan was in the hot seat today but the answers he provided weren t what investors wanted to hear there were two separate creditor meetings today and more than 50 people showed up for each of them vaughan darted out of the federal courthouse aer pleading the 5th at least 80 times in court when asked questions about closed bank accounts properties he currently owns and companies he d owned the feds say he accepted investments using the vaughan company of realtors now the acting c-e-o of the realty company says vaughan was in charge of everything and maintains no one knew what he was doing the attorney for the company says even though it is 60 to 70 million dollars in debt it wants to make things right they re willing to try and make the company viable and profitable so that there will be some repayment to the investors the feds ruled vaughan realty can continue to opate as for doug vaughan the feds have charged him with fraud — saying he swindled 80-million dollars out of about 600 investors investors who listened to vaughan s answers today were angry but they didn t seem surprised he was pleading the fifth over and over again