The former CEO of entertainment company National Lampoon Inc. has been sentenced in Philadelphia to nearly four years in prison in a stock price manipulation scheme.
Federal prosecutors say 48-year-old Daniel Laikin plotted to artificially inflate the company's stock price by paying people to buy shares. Prosecutors say Laikin and others hoped to push the share price from $2 to $5 to boost the company's attractiveness in a strategic partnership or acquisition.
Read more at Associated Press.
