American Greed

Season 7 Episode 72

Wild West Rip-Off

Aired Thursday 10:00 PM Apr 04, 2013 on CNBC
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Episode Summary

Wild West Rip-Off
With a 30-year career in real estate, many thought broker Doug Vaughan was a man to be trusted. His charisma helped make him a fortune in New Mexico real estate. But it was all lies. He funded his luxurious lifestyle with $75 million of investors' money. When he ran out of investors and their money, investigators stepped in with undercover recorders and arrested him. Shockingly, he then went on TV in search of money to pay for his criminal defense.moreless

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