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-   -   ?Girls Gone Wild? Founder Says 3 Execs Embezzled (https://gfy.com/showthread.php?t=926396)

DVTimes 09-08-2009 07:08 AM

?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.

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 :winkwink:

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 (Post 16291556)
"Nothin' but trouble"...

:1orglaugh:1orglaugh:1orglaugh

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...:thumbsup

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 (Post 16292672)
i hope it's true. he deserves to have all his money stolen from him


:1orglaugh:1orglaugh

Lace 09-08-2009 01:34 PM

Quote:

Originally Posted by czarina (Post 16292672)
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...


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