Local News

April 8, 2014

Former UofL exec faces 55 years in prison

NL grad charged with money laundering, tax fraud

LAUREL COUNTY, Ky. — Perry “Chad” Vaughn is finding out the hard way that there are no shortcuts to the high life.

The former Laurel County resident and University of Louisville executive was arraigned Wednesday on a seven-count federal indictment charging him with theft, bribery, money laundering, mail fraud and tax fraud.

Vaughn, 36, of Sellersburg, Ind., faces up to 55 years in prison, a 16-year term of supervised release and a $1,250,000 fine.

Vaughn worked at the University of Louisville as an accountant before being promoted to executive director of Family and Geriatric Medicine (DFGM) at the campus medical school in 2007. He was also the business manager for five of the DFGM’s affiliated private practice groups.

Suspicions about Vaughn’s spending habits arose as early as October 2012 when a co-worker sent an email to Louisville’s audit services. The university began an investigation the following January.

In August of last year, it was discovered Vaughn was diverting contractual checks and patient payments between the DFGM and private practice groups before accessing them for personal use. Federal prosecutors obtained a temporary injunction on Aug. 30 which stopped Vaughn from spending any funds in work related bank accounts.

According to U.S. Attorney David J. Hale, Vaughn spent six years laundering $2,809,489 for his own benefit and making a large amount of misrepresentations to the university’s Audit Services in the process. This included providing false bank statements to conceal the nature of his alleged theft.

Vaughn, a North Laurel High School graduate, allegedly used the stolen funds to bankroll such expenses as nine luxury vehicles — totaling $475,000 — various real estate, a $9,000 bracelet, trips to Grand Turks and Caicos and even a casino in Las Vegas.

In September, U.S. District Judge John G. Heyburn II granted a motion for a temporary restraining order between Vaughn and his assets, prohibiting their transfer, sale, concealment or disposal. 

Vaughn’s trial date is set for June 3.

Text Only
Local News
AP Video
Raw: Families Travel to Taiwan Plane Crash Site Arizona Execution Takes Almost Two Hours Gen. Odierno Discusses Ukraine, NATO at Forum Gaza Fighting Rages Amid Cease-Fire Efforts Mint Gives JFK Coin a Face-lift Creative Makeovers for Ugly Cellphone Towers Ariz. Inmate Dies 2 Hours After Execution Began Crash Kills Teen Pilot Seeking World Record LeBron James Sends Apology Treat to Neighbors Raw: Funeral for Man Who Died in NYPD Custody Migrants Back in Honduras After US Deports Israeli American Reservist Torn Over Return Raw: ISS Cargo Ship Launches in Kazakhstan Six Indicted in StubHub Hacking Scheme Former NTSB Official: FAA Ban 'prudent' EPA Gets Hip With Kardashian Tweet Bodies of MH17 Victims Arrive in the Netherlands Biden Decries Voting Restrictions in NAACP Talk Broncos Owner Steps Down Due to Alzheimer's US, UN Push Shuttle Diplomacy in Mideast
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide

Now that school is out, what are your family’s summer vacation plans?

A. No major plans. We will probably hang out around Laurel County.
B. Going to the beach!
C. Kentucky has a lot of wonderful state parks, and we plan to visit a few and enjoy quality family time.
     View Results