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This is the kind of story that would have been a pretty big deal were it not for Madoff, recession, bankruptcies, and all the rest. Daniel Laikin, who is one of several National Lampoon executives to be accused of stock manipulation, has resigned from the Bev Hills-based media company. Laikin will stay on the board (he's the company’s largest single shareholder). The SEC alleges that Laikin was involved in a kickback scheme aimed at inflating the price of National Lampoon stock. The U.S. Attorney in Philadelphia filed criminal charges based on the same allegations. (LABJ)
More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAXSocal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
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Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.