DC Trawler

National Lampoon’s Graybar Vacation

Fat, incarcerated, and stupid is no way to go through life, son. LA Times:

The chief executive officer of National Lampoon Inc., the comedy brand behind “Animal House” and the “Vacation” movie franchise, was arrested early Wednesday in West Hollywood in connection with an alleged $200-million Ponzi scheme, federal authorities said.

Timothy Durham, 48, is accused in a federal grand jury indictment of defrauding investors through his loan company and using the money to support expensive homes and cars, a 100-foot yacht and travel on a personal jet…

Durham became CEO of National Lampoon in 2009 after his predecessor, Donald Laikin, was arrested and charged in 2008 with allegedly manipulating the stock of the Los Angeles-based company.

Durham had sought to revive the flagging brand and its now-shuttered “National Lampoon” humor magazine.

Via David Burge, who notes that this is “the only funny thing they’ve done since 1979.” I haven’t been this sad about how far NatLamp has fallen since I saw their Twitter feed.