Joe Francis Tax Scam (girls gone wild ) - GoFuckYourself.com

SmokeyTheBear · 04-12-2007, 09:37 AM

I noticed that they got him on some rather minor income he failed to report like interest on funds and false write-offs, but one of the items interested me..

It was something to do with a fake insurance policy or something. kind of hard to read through the legalese but i think what they are saying he was doing was paying millions for a fake insurance policy that was really just a dummy company to hide his funds..

Good little scam that is..

setup a dummy offshore company called " Monkey insurance "

Then you sell yourself a policy for "deadly monkey attacks"

p.s. heres the charges

http://www.thesmokinggun.com/archive...efrancis1.html

CheneyRumsfeld · 04-12-2007, 09:52 AM

he will be popular in prison.
never fuck around with taxes.

DjSap · 04-12-2007, 09:52 AM

It's not really a scam in itself. All the big accounting firms do it, however they also have a valid reason for doing so, as nobody will insure them due to the high liability costs.

It's not illegal in itself as long as it looks like you have a proper purpose. He should have sold himself insurance against CP claims. Basically solicit a couple of insurance companies and once they denied him insurance for it he could have setup his offshore insurance company and funneled the money in to it legally.

In the end it wasn't really Joe's fault in terms of his scam not working, I would say the accountant he used was pretty much worthless.

jonesonyou · 04-12-2007, 01:47 PM

joe's a good guy

sweetpurple04 · 04-12-2007, 01:55 PM

he looks sweet.

04-12-2007, 09:37 AM	#1
SmokeyTheBear ►SouthOfHeaven Join Date: Jun 2004 Location: PlanetEarth MyBoardRank: GerbilMaster My-Penis-Size: extralarge MyWeapon: Computer Posts: 28,609	Joe Francis Tax Scam (girls gone wild ) I noticed that they got him on some rather minor income he failed to report like interest on funds and false write-offs, but one of the items interested me.. It was something to do with a fake insurance policy or something. kind of hard to read through the legalese but i think what they are saying he was doing was paying millions for a fake insurance policy that was really just a dummy company to hide his funds.. Good little scam that is.. setup a dummy offshore company called " Monkey insurance " Then you sell yourself a policy for "deadly monkey attacks" p.s. heres the charges http://www.thesmokinggun.com/archive...efrancis1.html __________________ hatisblack at yahoo.com Last edited by SmokeyTheBear; 04-12-2007 at 09:39 AM..

04-12-2007, 09:52 AM	#3
DjSap Confirmed User Join Date: Jul 2002 Posts: 3,869	It's not really a scam in itself. All the big accounting firms do it, however they also have a valid reason for doing so, as nobody will insure them due to the high liability costs. It's not illegal in itself as long as it looks like you have a proper purpose. He should have sold himself insurance against CP claims. Basically solicit a couple of insurance companies and once they denied him insurance for it he could have setup his offshore insurance company and funneled the money in to it legally. In the end it wasn't really Joe's fault in terms of his scam not working, I would say the accountant he used was pretty much worthless. __________________ Blog Themes, TGP Design, Writing Services, Grunt Work ICQ: 66871495

04-12-2007, 01:47 PM	#4
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04-12-2007, 01:55 PM	#5
sweetpurple04 Confirmed User Join Date: Jan 2007 Posts: 425	he looks sweet. __________________ HD NICHE VIDEO AND PICS ICQ# 97934302

04-12-2007, 09:52 AM	#2
CheneyRumsfeld Confirmed User Join Date: Sep 2004 Posts: 1,341	he will be popular in prison. never fuck around with taxes.