National Lampoon CEO arrested for alleged $200 million Ponzi scheme

Timothy Durham, the president and chief executive office of National Lampoon, Inc. — the comedy company that brought you such movies as Animal House and Vacation — was arrested on Wednesday for allegedly perpetrating a $200-million Ponzi scheme involving a business loan company, according to Reuters. Durham, 48, and two former executives at Fair Financial Services — a company that Durham co-owned — were charged on Tuesday with wire and securities fraud in a federal indictment. The charges allege that Durham and one of his co-defendants used investor funds to “maintain their lifestyles and to pay for personal expenses.” When contacted by EW, a National Lampoon spokesperson declined to comment.

Comments (5 total) Add your comment
  • Alan

    Is this the plot of their next direct-to-video comedy extravaganza?

  • Green

    Call Patty Hewes.

  • corrine

    If it ain’t come one, it’s many tine tanies.

  • Linda

    Terrible news and ChristianPeopleMatch was amazing

  • tresorparis

    Thanks for interesting blog post. You guys are always provide information that it makes it impossible not to want to buy your next product ;I cant wait to see what you guys come up with based on all your research and data that you gather.

Add your comment
The rules: Keep it clean, and stay on the subject - or we may delete your comment. If you see inappropriate language, e-mail us. An asterisk (*) indicates a required field.

When you click on the "Post Comment" button above to submit your comments, you are indicating your acceptance of and are agreeing to the Terms of Service. You can also read our Privacy Policy.

Latest Videos


From Our Partners

TV Recaps

Powered by VIP