Lawsuit: Convicted Financier Durham Stole $1M

Lawsuit: Convicted Financier Durham Stole $1M
Created by kblakeslee on 3/4/2013 5:29:16 PM


INDIANAPOLIS (AP) _ A lawsuit filed in Los Angeles accuses former Indianapolis financier Tim Durham of embezzling $1 million from National Lampoon Inc. to pay the attorney who represented him on federal fraud and conspiracy charges.
 
  The Indianapolis Star reports Durham, attorney John Tompkins and Tompkins' firm are defendants in the lawsuit that the company filed last week.
 
  Durham was chief executive officer of National Lampoon from December 2008 until January 2012.
 
  The 50-year-old Durham was sentenced to 50 years in prison in November after a jury convicted him of securities fraud, conspiracy and 10 counts of wire fraud. Prosecutors say he and two co-conspirators bilked investors in Akron, Ohio-based Fair Finance of $200 million.
 
  Tompkins declined to comment on the case. A message was left seeking comment from Durham's new attorney.
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