Joe Francis Indicted on Tax Evasion Charges

gonzo · 04-11-2007

RENO, Nev. — "Girls Gone Wild" founder Joe Francis was charged with tax evasion today, having deducted more than $20 million in apparent false business expenses on his 2002 and 2003 tax returns.

According to the indictment, Francis used offshore bank accounts to hide income made during those two years. He used a Cayman Islands corporation, which Francis controlled, to transfer more than $15 million of his secret money into his Irvine, Calif., account.

Francis faces up to 10 years in prison and fines of up to $500,000 if convicted.

He is scheduled to appear in Reno, Nev., court May 22.

The indictment follows Francis' Tuesday arrest in Panama City, Fla., where a judge had ordered him jailed until talks to settle a civil lawsuit are completed.

gonzo · 04-11-2007

You guys still buy into all this offshore hosting and processing with EU accounts bullshit now?

Hell Puppy · 04-11-2007

I dont understand greed at that level...

You're making tens of millions, perhaps even hundreds of millions. Give uncle sam his cut....you cant enjoy ANY of that money from jail.

bluemoney · 04-11-2007

Quote:

Originally Posted by Hell Puppy

I dont understand greed at that level...

You're making tens of millions, perhaps even hundreds of millions. Give uncle sam his cut....you cant enjoy ANY of that money from jail.

My thoughts exactly. When your life is a party, why fuck it up?

Rcourt64 · 04-11-2007

Quote:

Originally Posted by Hell Puppy

I dont understand greed at that level...

You're making tens of millions, perhaps even hundreds of millions. Give uncle sam his cut....you cant enjoy ANY of that money from jail.

You gotta be joking big man, you mean to say its not the one with the most toys that wins anymore?

Toby · 04-11-2007

There are so many LEGAL ways available to avoid paying taxes on that kind of income.

"Stupid is, as stupid does."

I hope he enjoys being Bubba's new girlfriend in cell block D.

Hell Puppy · 04-12-2007

Quote:

Originally Posted by Rcourt64

You gotta be joking big man, you mean to say its not the one with the most toys that wins anymore?

Naw man....that ended around 2001-2002.... Try that now and you're likely to end up selling insurance or something.

gonzo · 04-12-2007

Quote:

Originally Posted by Hell Puppy

Naw man....that ended around 2001-2002.... Try that now and you're likely to end up selling insurance or something.

And driving a Mustang GT

Hell Puppy · 04-12-2007

Quote:

Originally Posted by gonzo

And driving a Mustang GT

Those make for a tasty snack.

04-11-2007	#1
gonzo Fat Fucking Nobody Want to see your own Advertising Here! Join Date: Apr 2003 Location: Atlanta,Ga. Posts: 17,795 Blog Entries: 11	Joe Francis Indicted on Tax Evasion Charges RENO, Nev. — "Girls Gone Wild" founder Joe Francis was charged with tax evasion today, having deducted more than $20 million in apparent false business expenses on his 2002 and 2003 tax returns. According to the indictment, Francis used offshore bank accounts to hide income made during those two years. He used a Cayman Islands corporation, which Francis controlled, to transfer more than $15 million of his secret money into his Irvine, Calif., account. Francis faces up to 10 years in prison and fines of up to $500,000 if convicted. He is scheduled to appear in Reno, Nev., court May 22. The indictment follows Francis' Tuesday arrest in Panama City, Fla., where a judge had ordered him jailed until talks to settle a civil lawsuit are completed. __________________ We are putting the bastards of this world on notice; greed and corruption will always be met with "a voice made of ink and rage." "Never try and be like anyone else" - Hunter S. Thompson "The truth is the truth no matter how you try and package a lie" - Shellee Hale

04-11-2007	#2
gonzo Fat Fucking Nobody Want to see your own Advertising Here! Join Date: Apr 2003 Location: Atlanta,Ga. Posts: 17,795 Blog Entries: 11	Re: Joe Francis Indicted on Tax Evasion Charges You guys still buy into all this offshore hosting and processing with EU accounts bullshit now? __________________ We are putting the bastards of this world on notice; greed and corruption will always be met with "a voice made of ink and rage." "Never try and be like anyone else" - Hunter S. Thompson "The truth is the truth no matter how you try and package a lie" - Shellee Hale

04-11-2007	#3
Hell Puppy Fat Fucking Nobody Want to see your own Advertising Here! Join Date: Oct 2002 Posts: 6,523	Re: Joe Francis Indicted on Tax Evasion Charges I dont understand greed at that level... You're making tens of millions, perhaps even hundreds of millions. Give uncle sam his cut....you cant enjoy ANY of that money from jail.

04-11-2007	#6
Toby Fat Fucking Nobody Respin bullshit press Your Comments Are Welcomed Join Date: Jul 2005 Location: Houston Posts: 2,624	Re: Joe Francis Indicted on Tax Evasion Charges There are so many LEGAL ways available to avoid paying taxes on that kind of income. "Stupid is, as stupid does." I hope he enjoys being Bubba's new girlfriend in cell block D. __________________ My TGP's: Bevy Of Babes \| Bevy Of Boobs \| Babes In Boots \| Well Heeled Women \| Dressing For Sex \| Latex Vixens \| Stocking Vixens