Facing SEC Charges, CEO of National Lampoon Resigns

Authored by Mark Hefflinger on December 18, 2008 - 11:03am.

Los Angeles - Following charges of securities fraud filed by the SEC this week against the company and its chief executive, National Lampoon announced on Thursday that president and CEO Daniel Laikin has resigned.

The board of directors appointed Timothy Durham to serve as interim CEO, while Laikin will continue to serve on the board of directors.

The board also said its has formed a special committee to investigate the circumstances relating to the complaint and indictment filed by the SEC against the company and Laikin, to be headed by Durham and James Jimirro.

http://snipurl.com/8uqsw (DMW previous coverage)

http://www.nationallampoon.com

Published in DMW Daily, December 18, 2008

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Interesting how National

Submitted by anonymous (not verified) on January 28, 2009 - 11:55am.

Interesting how National Lampoon got into stock fraud and employed crooked stock promoter at about the same time they got involved with Big Screen Entertainment Group, whose partner and accomplice, stock promoter Michael Paloma was recently convicted and sentenced to 10 years in federal prison. BSEG even hired the same CFO as National Lampoon, Lorraine Evanoff, in September of 2007. I bet National Lampoon is sorry now for ever getting involved with Big Screen Entertainment Group, having been led into stock fraud by sub-penny operation (OTC: BSEG) and their criminal associates, who are also openly affiliated with the Bonanno crime family. I bet it won't be much longer before BSEG goes down for stock fraud.