#TrueDetective 2: “The #Vaughn #Addendum”

True Detective: Chicago, El Chapo, & Vince Vaughn’s Mom
True Detective 2: “The Vaughn Addendum”
True Detective 3: “The Cowles’ Identity”  
Daniel Hopsicker

 

 

In 2003, Directors Performance Fund, a hedge fund controlled and run by Sharon Vaughn, mother of actor Vince Vaughn, capitalized a “bank” specializing in providing financing to drug traffickers and snake oil salesmen peddling goat’s blood. 

The deal received attention only after Vaughn’s hedge fund went fully rogue two years later, in a much larger financial scam which caught the eye of the SEC first, before becoming the subject of a federal criminal investigation that resulted in federal charges against three men.

 

Hedge funds typically take positions on behalf of their clients in the stock of a number of different companies. One bad investment does not usually make or break a hedge fund manager’s career.

 

However, during the three-year lifespan of Sharon Vaughn’s hedge fund, she only made four investments.