?Girls Gone Wild? Founder Says 3 Execs Embezzled - GoFuckYourself.com

DVTimes · 09-08-2009, 07:08 AM

http://www.xbiz.com/news/112483

LOS ANGELES ? Mantra Entertainment founder Joe Francis, in a suit filed at Los Angeles Superior Court, said that three top executives embezzled from the company.
Francis said Michael Barrett, Roman Pelikh and Will L'Heureux set up a sham company called WMR Marketing Inc. in 2002 to illegally funnel Mantra funds.

The allegations said that the trio illegally procured hundreds of thousands of dollars from his production company, Mantra Films, and then conspired to have him arrested for tax evasion to keep him from finding out.

XBIZ was unable to find any registry with California?s secretary of state or any other information about WMR.

According to the suit, the trio made "hundreds of thousands of dollars" of fraudulent expenses and reimbursements by 2004 against Mantra Films, which produces ?Girls Gone Wild.?

Francis claims that after Barrett resigned in 2004 as the company's chief financial officer he contacted the IRS and falsely accused Francis of tax evasion.

Francis, according to the suit, said that Barrett was "hoping that the IRS would prosecute and incarcerate Francis, thereby removing the possibility" that he would "catch the ongoing theft.?

"While Barrett was secretly trying to get Francis investigated by the Reno [Nevada] division of the IRS to recover his bounty from the mistaken books he previously prepared, provided and vouched for to Francis' tax return preparers, he never disclosed any problem to Francis," the suit said.

Francis was indicted in April 2007 on two counts of tax evasion in Reno, Nev., for illegally deducting $20 million in false business expenses.

Calls to Francis attorney David Schack of K&L Gates went unreturned by post time.

RayBonga · 09-08-2009, 07:14 AM

are they paying affiliates?

JFK · 09-08-2009, 07:16 AM

I think this was posted about a week or so ago

PR_Sebas · 09-08-2009, 07:21 AM

Is this why I haven't been paid?

LiveDose · 09-08-2009, 07:23 AM

This saga is better than a Hollywood movie.

CaptainHowdy · 09-08-2009, 07:42 AM

"Nothin' but trouble"...

DaddyHalbucks · 09-08-2009, 09:22 AM

Does Joe have any credibility left?

Riffhard · 09-08-2009, 10:17 AM

Apparently not.

www.tmz.com - Let's hope the boys at Houck Construction like naughty co-eds -- otherwise Joe Francis may have to write them a fat check.

Francis is being sued by a construction company that did work on his Bel Air, Calif. home. According to the lawsuit, Francis racked up a construction bill of $403,363.27. The company claims Joe forked over $356,329.61 -- but must have forgotten to carry a one or something because he still owes them $47,033.66 (plus another $24,848.19 in interest).

Perhaps Joe can trade a few thousand copies of "Girls Gone Wild Freshman Sex Orientation" to make up the difference.

tranza · 09-08-2009, 10:20 AM

Quote:

Originally Posted by CaptainHowdy

"Nothin' but trouble"...

Agent 488 · 09-08-2009, 10:22 AM

he has to pay over a million to some casino where he racked up a bill also.

CamJack · 09-08-2009, 10:25 AM

"hundreds of thousands of dollars?!"

haha...didn't they sell 500,000,000 dvds?

Sunny · 09-08-2009, 11:38 AM

bump for you...

czarina · 09-08-2009, 11:45 AM

i hope it's true. he deserves to have all his money stolen from him

SBJ · 09-08-2009, 12:08 PM

Quote:

Originally Posted by czarina

i hope it's true. he deserves to have all his money stolen from him

Lace · 09-08-2009, 01:34 PM

Quote:

Originally Posted by czarina

i hope it's true. he deserves to have all his money stolen from him

That's funny..Considering you hear nothing but what the media portrays...

09-08-2009, 07:08 AM	#1
DVTimes xxx Industry Role: Join Date: Jun 2003 Location: UK Posts: 31,544	?Girls Gone Wild? Founder Says 3 Execs Embezzled http://www.xbiz.com/news/112483 LOS ANGELES ? Mantra Entertainment founder Joe Francis, in a suit filed at Los Angeles Superior Court, said that three top executives embezzled from the company. Francis said Michael Barrett, Roman Pelikh and Will L'Heureux set up a sham company called WMR Marketing Inc. in 2002 to illegally funnel Mantra funds. The allegations said that the trio illegally procured hundreds of thousands of dollars from his production company, Mantra Films, and then conspired to have him arrested for tax evasion to keep him from finding out. XBIZ was unable to find any registry with California?s secretary of state or any other information about WMR. According to the suit, the trio made "hundreds of thousands of dollars" of fraudulent expenses and reimbursements by 2004 against Mantra Films, which produces ?Girls Gone Wild.? Francis claims that after Barrett resigned in 2004 as the company's chief financial officer he contacted the IRS and falsely accused Francis of tax evasion. Francis, according to the suit, said that Barrett was "hoping that the IRS would prosecute and incarcerate Francis, thereby removing the possibility" that he would "catch the ongoing theft.? "While Barrett was secretly trying to get Francis investigated by the Reno [Nevada] division of the IRS to recover his bounty from the mistaken books he previously prepared, provided and vouched for to Francis' tax return preparers, he never disclosed any problem to Francis," the suit said. Francis was indicted in April 2007 on two counts of tax evasion in Reno, Nev., for illegally deducting $20 million in false business expenses. Calls to Francis attorney David Schack of K&L Gates went unreturned by post time. __________________ The Affiliate Program

09-08-2009, 07:16 AM	#3
JFK FUBAR the ORIGINATOR Industry Role: Join Date: Jan 2002 Location: FUBARLAND Posts: 67,374	I think this was posted about a week or so ago __________________ FUBAR Webmasters - The FUBAR Times - FUBAR Webmasters Mobile - FUBARTV.XXX For promo opps contact jfk at fubarwebmasters dot com

09-08-2009, 07:21 AM	#4
PR_Sebas Confirmed User Join Date: Dec 2006 Posts: 2,825	Is this why I haven't been paid? __________________

09-08-2009, 07:23 AM	#5
LiveDose Show Yer Tits! Industry Role: Join Date: Feb 2002 Location: Somewhere Out there... Posts: 25,792	This saga is better than a Hollywood movie. __________________ Scammer Alert: acer19 acer [email protected] [email protected] Money stolen using PayPal

09-08-2009, 07:42 AM	#6
CaptainHowdy Too lazy to set a custom title Industry Role: Join Date: Dec 2004 Location: Happy in the dark. Posts: 93,228	"Nothin' but trouble"... __________________ FLASH SALE INSANITY! deal with a 100% Trusted Seller Buy Traffic Spots on a High-Quality Network 1 Year or Lifetime — That’s Right, Until the Internet Explodes!

09-08-2009, 07:14 AM	#2
RayBonga too cool for highschool Join Date: Nov 2005 Location: East side, West side, Worldwide! Posts: 12,164	are they paying affiliates?

09-08-2009, 09:22 AM	#7
DaddyHalbucks A freakin' legend! Industry Role: Join Date: Feb 2004 Location: Las Vegas, Nevada USA Posts: 18,975	Does Joe have any credibility left? __________________ Boner Money

09-08-2009, 10:17 AM	#8
Riffhard Confirmed User Join Date: Jul 2009 Location: Tampa Bay, FL Posts: 659	Apparently not. www.tmz.com - Let's hope the boys at Houck Construction like naughty co-eds -- otherwise Joe Francis may have to write them a fat check. Francis is being sued by a construction company that did work on his Bel Air, Calif. home. According to the lawsuit, Francis racked up a construction bill of $403,363.27. The company claims Joe forked over $356,329.61 -- but must have forgotten to carry a one or something because he still owes them $47,033.66 (plus another $24,848.19 in interest). Perhaps Joe can trade a few thousand copies of "Girls Gone Wild Freshman Sex Orientation" to make up the difference. __________________ Glad to be here. Glad to be anywhere.

09-08-2009, 10:22 AM	#10
Agent 488 Registered User Industry Role: Join Date: Feb 2006 Posts: 22,511	he has to pay over a million to some casino where he racked up a bill also.

09-08-2009, 10:25 AM	#11
CamJack Old School Webmaster Industry Role: Join Date: Sep 2003 Location: NY Posts: 1,334	"hundreds of thousands of dollars?!" haha...didn't they sell 500,000,000 dvds? __________________ Skype: promote.promote [email protected]

09-08-2009, 11:38 AM	#12
Sunny Confirmed User Join Date: Feb 2007 Posts: 1,981	bump for you... __________________ >>>>>>>>>>Offering Quality PR Hardlinks<<<<<<<<<< 1- 50 PR Homepage Adult Links 2- Lifetime Featured & Regular Listings in 25 PR Adult Directories 3- Lifetime Unique, Quality & Copyscape Passed Blogpostings in 25 PR Adult Blogs Contact Me!!! ICQ: 199-024-695

09-08-2009, 11:45 AM	#13
czarina Webmaster Extraordinaire Industry Role: Join Date: Jul 2002 Location: A beautiful beach... Posts: 10,745	i hope it's true. he deserves to have all his money stolen from him