National Lampoon Says Ex-CEO Stashed Stolen $1M With Atty

Law360, New York (March 1, 2013, 4:35 PM EST) -- National Lampoon Inc. on Thursday accused its former CEO of embezzling $1 million from a distribution settlement with Warner Brothers Inc. and stashing it in an account held by the law firm defending him against separate criminal securities fraud charges.

The media company contends that Tim Durham, who was convicted in June on securities fraud charges for his role in an Ohio investment scam, illegally transferred a portion of the company's settlement money into a law firm account for Brown Tompkins Lory & Mastrian, the law...
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