Following Joe Francis’ surrender and arrest for contempt of court earlier this week, a federal grand jury has charged the “Girls Gone Wild” founder with two counts of tax evasion. Francis allegedly deducted $20 million in false business expenses on corporate income tax returns filed in 2002 and 2003 by two of his companies.
Alleged improper deductions included $3.78 million that was counted as a business cost when it was actually spent to build a residence in Punta Mita, Mexico. In addition, $10.4 million in “false consulting services” was deducted, as was a $500,000 false insurance expense, according to the indictment.
The indictment also alleged that Francis used offshore bank accounts to conceal income earned in 2002 and 2003 through his companies. At the time, the indictment said, Francis was a legal resident of Incline Village, Nev.
Joe Francis could face 10 years in prison and $500,000 in fines. The article calls this the most serious legal trouble he has faced. Even more serious than that sex with a minor and filming a minor charge. It just proves you don’t want to mess with the government. I tried fighting Uncle Sam once. He kicked me in the groin and took my lunch money. Later, he told me how sorry he was and touched my no-no spot. Screw you Uncle Sam.
Vin Diesel Says He’d Whoop The Rock
Did Aaron Hernandez Kill To Cover Up His Homosexuality?
The Rest of the Web, Friday, 4.21.17
Rob Lowe Won the Acting Role of a Lifetime
Aaron Hernandez Wrote Suicide Note to Gay Prison Lover
Carmelo Anthony’s Mistress Will Turn Around The New York Knicks
‘Fast and Furious’ Franchise Spinning Off The Rock and Jason Statham
Good News on Friday: Next ‘Friday’ Movie May Finally Happen
Kim Kardashian Is Selling Candles of Herself as the Virgin Mary and People Are Mad
Amy Schumer Took a $2,000 Piss
It Looks A Lot Like This Kid Mouthed ‘Fuck You’ To Trump
Katy Perry Spits Out Starbucks’ Unicorn Frappuccino