Blog Monkies Google Search!

Wednesday, April 11, 2007

Girls Gone Wild Front Man Behind Bars!

It looks like the front man of the Girls-Gone-Wild operation has landed himself behind bars! This time it's for tax evasion.

Joe Francis, 34, was indicted by a grand jury in Reno, Nev., the Department of Justice announced. He is charged with deducting more than $20 million in false business expenses on the 2002 and 2003 corporate income tax returns filed on behalf of his Mantra Films Inc. and Sands Media Inc.

According to the indictment, Francis is charged with using offshore bank accounts to conceal income he earned during 2002 and 2003. The indictment also alleges that Francis transferred more than $15 million from an offshore bank account to a brokerage account in Irvine, Calif., held in the name of Rothwell Limited, a Cayman Islands corporation, that Francis controlled, the government said. If convicted, Francis faces up to 10 years in prison and fines of up to $500,000.

No comments: