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
Local Sports

Tate Sasser tags out a Trimble County runner at second base. North Laurel rolled to a 13-0 win in five innings. North Laurel also defeated Richmond to advance to last night’s championship game. If North won that game, they would face Lewis County again tonight.

Community Events
Must Read
AP Video
Traditional African Dishes Teach Healthy Eating The Carbon Trap: US Exports Global Warming 13 Struck by Lightning on Calif. Beach Baseball Hall of Famers Inducted Israel, Hamas Trade Fire Despite Truce in Gaza Italy's Nibali Set to Win First Tour De France Raw: Shipwrecked Concordia Completes Last Voyage Raw: Sea Turtle Hatchlings Emerge From Nest Raw: Massive Dust Storm Covers Phoenix 12-hour Cease-fire in Gaza Fighting Begins Raw: Bolivian Dancers Attempt to Break Record Raw: Israel, Palestine Supporters Rally in US Raw: Air Algerie Flight 5017 Wreckage Virginia Governor Tours Tornado Aftermath Judge Faces Heat Over Offer to Help Migrant Kids Kangaroo Goes Missing in Oklahoma More M17 Bodies Return, Sanctions on Russia Grow Raw: Deadly Tornado Hits Virginia Campground Ohio State Marching Band Chief Fired After Probe Raw: Big Rig Stuck in Illinois Swamp
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