Give Now

National Lampoon Suing Durham Over Embezzlement

National Lampoon also filed suit against attorney John Tompkins, and others, who helped wire the money.

Durham

Photo: Dan Goldblatt/WFIU News

Tim Durham and his son, Tim Durham Jr. waiting for the jury to deliver a verdict last June. Durham was convicted of 12 counts of committing and conspiring to commit wire and securities fraud.

Jailed Indiana financier Tim Durham is being sued by National Lampoon. The company is accusing Durham of using one-million dollars of its money to pay his attorney. National Lampoon also filed suit against attorney John Tompkins, and others, who helped wire the money.

Durham was convicted of securities fraud and other crimes in June of last year. The lawsuit claims Durham wired the money after National Lampoon agreed to a $2.7 million dollar settlement with Warner Bros. over the distribution of its “Vacation” movies.

The suit claims Durham altered the company‘s books to cover up the embezzlement. National Lampoon said the transfer happened in July 2011, but claim they didn‘t find the transfer until April 2012.

Durham was CEO of National Lampoon, Inc., from 2008-2009.

Network Indiana

Network Indiana Indiana's Only Audio News Network. Network Indiana is dedicated to providing the state of Indiana important and useful information.

View all posts by this author »

What is RSS? RSS makes it possible to subscribe to a website's updates instead of visiting it by delivering new posts to your RSS reader automatically. Choose to receive some or all of the updates from Indiana Public Media News:

Support For Indiana Public Media Comes From

Search News

Stay Connected

RSS e-mail itunes Facebook Twitter Flickr YouTube

Follow us on Twitter

What is RSS? RSS makes it possible to subscribe to a website's updates instead of visiting it by delivering new posts to your RSS reader automatically. Choose to receive some or all of the updates from Indiana Public Media News:

Recent Stories

Recent Videos

Find Us on Facebook