Timothy Durham, the chief executive officer of National Lampoon, Inc., who donated major money to Republican candidates, was arrested by the FBI Wednesday for allegedly running a $200 million Ponzi scheme.The indictment said that Durham and an associate used loans to “maintain their lifestyles and to pay for personal expenses,” according to Reuters. Durham had $150,000 wired over so he could spend it at a casino, while his associate James Cochran took $50,000 to pay country club fees, according to the indictment.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=113430