Vince Vaughn's Mother Conned out of $25 Million (Wizbang Pop!)

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Vince Vaughn's Mother Conned out of $25 Million

Posted by Tracey Coyle
Published: June 18, 2006 - 8:57 PM

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

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