National Lampoon CEO Convicted In $230M Investor Scam

Law360, New York (June 20, 2012, 10:23 PM EDT) -- An Indiana federal jury on Wednesday convicted National Lampoon Inc. CEO Timothy Durham of running a $230 million scam that for four years defrauded more than 5,000 investors and misled them about a financial services business he ran.

Durham, 49, was convicted of securities fraud, conspiracy and 10 counts of wire fraud, while two of his business partners, Rick Snow, 48, and James Cochran, 56, were found guilty on conspiracy and securities fraud charges from their roles in the Fair Financial Co. scam, Durham’s attorney John...
To view the full article, register now.

Related

Sections

Case Information

Case Title

Related  Case: 


Case Number

1:11-cr-00042

Court

Indiana Southern

Nature of Suit

Date Filed

March 15, 2011

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.