National Lampoon execs charged with fraud: Seriously. No, really

Before you go, we thought you'd like these...
Before you go close icon

Remember this line from National Lampoon's Vacation? "Clark: I'm making out a check for $1,000, all you have to do is give me $300 in cash and keep the $700, all for doing nothing more than acting like a total creep. " Apparently, the execs at National Lampoon missed the joke. The Feds busted them today for acting like total creeps, inflating the company's stock by paying people to buy and hold shares.

According to the AP, prosecutors believe that the execs stood to make millions on the inflated value of their holdings. Over the past three years, the stock has lost 73% of its value.

I'm wondering if Christmas 2009 will see the release of National Lampoon's Prison Stretch, or perhaps Animal House: Leavenworth.

Read Full Story
Credit Card Compare

Credit Card Compare

Whether you're looking for great travel rewards or low annual fees, find the card that's right for you.

Compare Now

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners

Glass-Printed Photos from Fracture Are an Easy Way to Make Your Room All Nice and Pretty Glass-Printed Photos from Fracture Are an Easy Way to Make Your Room All Nice and Pretty
People Have Been Making Chicken Wrong The Whole Time - Here's The Best Way To Do It People Have Been Making Chicken Wrong The Whole Time - Here's The Best Way To Do It
Farmer Came Outside To Check On The Animals - And Found This In Her Pasture Instead Farmer Came Outside To Check On The Animals - And Found This In Her Pasture Instead