"Girls Gone Wild" Joe Francis Tax Evasion

[zengrifter]

Federal Tax Rap for "Girls Gone Wild" Boss
IRS: Joe Francis caught in $20 million corporate evasion scheme

APRIL 11-- Joe Francis, the "Girls Gone Wild" founder, was indicted today on federal tax evasion charges for illegally deducting more than $20 million in phony business expenses from his 2002 and 2003 corporate tax returns. According to a two count indictment filed in U.S. District Court in Reno, Nevada, Francis, 34, sought to conceal income through the use of offshore companies and nominees. At one point, he transferred $15 million from one offshore bank account to a California brokerage account in the name of a Cayman Islands corporation he controlled. Below you'll find a copy of the indictment filed against Francis, who is pictured in the mug shot at right. If convicted of the federal charges, he faces a maximum of 10 years in prison and fines of up to $500,000. Francis was arrested yesterday on an unrelated federal warrant stemming from a civil lawsuit brought against him by seven underage women who were filmed by "Girls Gone Wild" cameramen in Florida in 2003. The contempt citation was issued after Francis rebuffed a judge's order to settle the case with the aid of a mediator. (7 pages)
http://www.thesmokinggun.com/archive...efrancis1.html

[ScottH]

Does this mean I won't be seeing anymore Girls Gone Wild commercials?

[bj bob]

You mean you don't already have all the DVD's?

[person1125]

Originally Posted by bj bob

You mean you don't already have all the DVD's?

$20 million in business expenses to film chicks flashing? no wonder he got caught.

But you have to give him credit - he made millions doing something most guys could only dream of.

[ScottH]

Originally Posted by bj bob

You mean you don't already have all the DVD's?

No, I don't have any. It seems kind of dumb actually. If I wanted to see naked women I would watch a porno, not girls gone wild...

[zengrifter]

State: Francis sought minors, faces 40 years

June 5, 2007

Prosecutors say ‘Girls Gone Wild’ founder filmed underage girls in prior productions

http://www.newsherald.com/headlines/...lay.php?a=1585

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Lawyer: 'Girls Gone Wild' creator Joe Francis to remain in Nevada jail June 6, 2007
RENO, Nev. (AP) — "Girls Gone Wild" creator Joseph Francis, granted bail in a federal tax evasion case in Nevada, will remain in jail to avoid the possibility of being sent to Florida to be arrested on another charge, his lawyer said Tuesday.
http://www.courttv.com/people/2007/0...rancis_ap.html