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Lawsuit Claims Tim Durham Embezzled $1 Million

Last updated on Thursday, March 7, 2013

(UNDATED) - A lawsuit filed in Los Angeles accuses Seymour native Tim Durham of embezzling $1 million from National Lampoon Inc. to pay the attorney who represented him on federal fraud and conspiracy charges.

Durham, a former Indianapolis financier, his attorney, John Tompkins, and Tompkins' law firm are named as defendants in the lawsuit filed last week.

National Lampoon contends Durham took $1 million from a $2.7 million settlement with Warner Brothers over distribution of Lampoon's "Vacation" movies and wired the money to an account connected to Tompkins' firm in July 2011.

Durham was chief executive officer of National Lampoon from December 2008 to January 2012.

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