the president of an albuquerque realty company that filed for bankruptcy is arrested. doug vaughan was taken into custody this morning for driving on a revoked license …but it appears that’s the least of his problems. austin reed is live in the newsroom with tonight’s top story. according to county jail records… doug vaughan has been released on his own recognizance. but earlier he wabeing held at m-d-c. meanwhile, the new mexico licensing and regulatory division tells us it has been investigating vaughan for a few months because he has potentially been violating state security laws. when investigators arrived to his home earlier this morning to gather information about that, they say they observed him driving his car, which they say was against the law. they knew from previous research that his license was either suspended or revoked and they are certified law enforcement, so they were obligated to arrest him court records show vaughan was charged with a d-w-i last year…that’s why his license was suspended. as we reported yesterday, the vaughan company filed for chapter eleven bankruptcy. the lawyer handling that case says the housing cris — is to blame for the bankruptcy filing — but we’re told business will continue as normal.
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