SEC Says National Lampoon Isn’t Funny

LAS VEGAS (CN) - National Lampoon and its CEO Daniel Lakin paid kickbacks to a corrupt stock promoter to inflate National Lampoon stock price, the SEC claims in Federal Court.

One defendant, Eduardo Rodriguez, whom the SEC describes as "a corrupt stock promoter" who took kickbacks, is similarly described in two other SEC complaints reported on today's Courthouse News page, involving Advatech and Swedish Vegas stock.

Named as defendants in the National Lampoon case are National Lampoon Inc., Daniel Laikin, Dennis Barsky, Eduardo Rodriguez, and Tim Dougherty.

Laikin and Barsky are accused of paying at least $68,000 to Rodriguez, Dougherty and a cooperating witness, to create the illusion of an active market and induce other investors to buy it.

All three SEC cases from Las Vegas reported on today's CNS page involved a "cooperating witness" who reported to, or was, an FBI agent.

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