Downfall of US Version
Editor-in-Chief George Caragonne, who was had a long history of erratic behavior, purged Managing Editor Weisfeld during production of Penthouse Comix #4. After this, artwork and money went missing from the Penthouse Comix office, top line artists abandoned assignments while overall quality and sales declined. Caragonne was eventually accused of embezzlement by Penthouse, fired and committed suicide in the summer of 1995. General Media then seized control of its comics-related publishing from the deceased Caragonne's packaging company and installed Dave Elliott as editor. The Penthouse Comix line was whittled to one magazine. Elliott edited the remainder of the magazine's run, largely printing sub-par material which had been contracted by Caragonne after Weisfeld's departure. General Media went bankrupt a short time later.
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