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Former National Lampoon CEO Sentenced To Nearly Four Years Behind Bars

Filed under: Busted!

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The former CEO of National Lampoon Inc. Daniel Laikin has been sentenced to three years and nine months in prison for conspiracy.

He is guilty of participating in a stock price manipulation scheme where in order to increase his company's stock price, he paid people to buy shares.

Prosecutors say Laikin tried to boost the share price from $2 to $5 to increase company's attractiveness in a strategic partnership or acquisition. The company has since been removed from the American Stock Exchange and its share price plummeted.

Hope he learned his lesson.

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