Tuesday, December 16, 2008
CEO Of National Lampoon & Others Indicted On Securities Fraud Charges
Daniel S. Laikin, 46, CEO of National Lampoon, Inc., along with several others, were charged yesterday with conspiracy and securities fraud in a case brought by the US Attorney's office in Philadelphia. After a lengthy investigation conducted by the Securities & Exchange Commission, the complaint charges that Laikin conspired with Dennis Barsky, a National Lampoon consultant, to pay others, including Eduardo Rodriguez, of Livingston, New Jersey, to artificially inflate the price of National Lampoon stock. The complaint also says that Rodriguez, the principal of Cheetah Consulting Group, enlisted Tim Dougherty, a Rochester, New York stock promoter, to assist in the scheme. Rodriguez is the central figure in two other stock manipulation cases brought by the US.
Read the SEC announcement here.