In re Vaughn

DISCIPLINARY PROCEEDINGS

liPER CURIAM.1

Respondent, David M. Vaughn, pleaded guilty to three counts of mail fraud. While President of Anglo American Insurance Company, Vaughn directed his secretary to sign his name to inaccurate financial statements Vaughn knew misrepresented the amount of the insurer’s surplus. The three counts of mail fraud consist of three different dates on which premium checks were mailed by an insured after the inaccurate financial statement was filed with the Commissioner of Insurance. The insurance company was liquidated and eventually failed, causing a substantial loss…