(Reuters) A former chief executive of the comedy company National Lampoon Inc was sentenced on Friday to 50 years in prison on a conviction of defrauding investors in a separate business out of more than $200 million.
Timothy S. Durham, 50, was convicted in June for his part in what prosecutors said was one of the largest, most brazen financial frauds in U.S. Midwest history surrounding the Ohio-based Fair Financial Services.
Durham and two associates were accused of bilking more than 5,100 mostly small blue-collar investors in Fair Financial from the time he bought the business in 2002 until its collapse in November 2009.
