Feds indict GGW boss Joe Francis - GoFuckYourself.com

Splum · 04-11-2007, 03:21 PM

Haha the feds WILL get you if they want you one way or another.

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

Quote:

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.

Mutt · 04-11-2007, 03:23 PM

i read the indictment - he's majorly fucked now. he's going to be doing some time in jail and forking over millions in upaid taxes and fines.

SteveLightspeed · 04-11-2007, 03:23 PM

The bigger they are the harder they fall...

Legendary_Samir · 04-11-2007, 03:24 PM

He is fucked. Not good!

SteveLightspeed · 04-11-2007, 03:31 PM

FetishWeb · 04-11-2007, 03:33 PM

The Cayman's ain't what they used to be.

But hey, had a good run.

04-11-2007, 03:23 PM	#2
Mutt Too lazy to set a custom title Industry Role: Join Date: Sep 2002 Posts: 34,431	i read the indictment - he's majorly fucked now. he's going to be doing some time in jail and forking over millions in upaid taxes and fines. __________________ I moved my sites to Vacares Hosting. I've saved money, my hair is thicker, lost some weight too! Thanks Sly!

04-11-2007, 03:23 PM	#3
SteveLightspeed Confirmed User Join Date: Jul 2001 Location: Lightspeedworld Posts: 7,940	The bigger they are the harder they fall... __________________ Abra-cadabra!

04-11-2007, 03:31 PM	#5
SteveLightspeed Confirmed User Join Date: Jul 2001 Location: Lightspeedworld Posts: 7,940	__________________ Abra-cadabra!

04-11-2007, 03:24 PM	#4
Legendary_Samir So Fucking Banned Join Date: Dec 2006 Posts: 440	He is fucked. Not good!

04-11-2007, 03:33 PM	#6
FetishWeb Confirmed User Join Date: May 2004 Posts: 390	The Cayman's ain't what they used to be. But hey, had a good run.