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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.

A-Rod Settling in FINALLY with the Yankees!

Why does it seem like everyone hates A-rod!? After all of this drama between him and the fine citizens of New York over the past few season, he's finally settling in with his team! If the fans expect him to live up to as much hype as his paychecks, they better lay off! I mean, give the guy some room to breathe! I think finally, he has enough space to take a full inspiration.

A-Rod's six home runs in the Yankees' first seven games is a team record. As Yankees manager Joe Torre said: "With all the thumpers they've had here, that's quite an accomplishment."

Yankees fans are probably wondering if he can keep this up. They want more and more from Rodriguez, and they particularly want it in October. Perhaps Rodriguez should take the exalted demands as a compliment. After all, if he was just an average player, no one would expect perfection from him. He is anything but average, though.

And damned the people that harp on him for those paycheck! Let it go! If someone offered you $250 million dollars to read blogs, would you take it?! That's what I thought! Let's face it, the man can play ball! I've got no problem with him or his checks. At least they don't bounce!

I hope he does better this season than in the past. After all, he is a free agent at the end of the year! I just hope he doesn't get too hot and cause trouble for my Cardinals in the post-season! Much love.

Snoop D-O-Double-Dizzle - N'Trouble for Shizzle!

Snoop Dogg, 35, was formally charged with gun and drug charges on April 10,2007. Police arrested him for possession of marijuana after he parked illegally at the Bob Hope Airport in Burbank, CA. After being taken into custody, the rapper posted $35,000 bail and was released.

Snoop, born Cordozar Calvin Broadus, was charged with gun possession by a felon and sale or transportation of marijuana, both felonies.

According to Deputy District Attorney Marian Thompson, Snoop Dogg is scheduled to be arraigned at 10:00 am tomorrow (Apr. 11) in Pasadena Superior Court, Dept. D.

If convicted, Snoop Dogg faces up to four years in state prison.

Breaking News! - Anna Nicole's baby daddy

As brought to my attention, this urgent message (for those who care) is brought to you by E! entertainment. Larry Birkhead is now the father of Anna Nicole's baby - Dannielynn. He is "so excited" and screamed "I told you so!" as the results were released, which revealed a 99.9999% match. Now that this whole mess is over, we can all go back to living normal lives. Lord! What will we do without all this drama! Stay tuned.

Do you own this stock?

I've been looking at adding a financial stock to my "virtual" portfolio. I'm heavily weighted in gold and metals (such as copper), but I'm looking to add a little bank "flava". I think New York Community Bancorp (NYB) would be a wise choice. The stock recently took a dive down to 17.50 (at the time of publication), but it's still a solid play with its high dividend return of 5.6%! Almost all bank stocks pay out a hefty dividend. I love how companies pay YOU to own their stock. They do that usually because they can't grow much more so the only way to reward shareholders is to pay them cash to stay on board. I look for companies that regularly pay out a dividend and if that dividend continues to rise over time. I guess you could call me old fashioned. But if you look at NYB's price over time, their share price is half of what it was in 2004, but it's due for a nice rebound. Until next time, keep your eyes on New York Bancorp.





Disclaimer: I am not an investment professional. Please take what is said here as my opinion as should not be followed as truth. Please consult a financial professional BEFORE you decide to act on such matters.