Former National Lampoon CEO Sentenced To Nearly Four Years Behind Bars

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.