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National Lampoon’s Prison Vacation For Former CEO
The former CEO of National Lampoon, Daniel Laikin, pleaded guilty in a conspiracy to artificially inflate the company’s stock price from March through June of 2008. National Lampoon is a media company best known for the movies Animal House and the series of Vacation movies. Laikin paid kickbacks to individuals to buy the stock in the hopes of generating real buying by investors. Some of the illegal payments took place in the area. Once the conspiracy was uncovered, the stock lost eighty percent of its value. The case is being prosecuted by Louis Lappen and Derek Cohen of the U.S. Attorney’s office for the Eastern District of Pennsylvania.
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