A reader once posted the following about me on metafilter.com:
Unless she takes her top off, I’m fairly well convinced she will fail in making me excited about tax codes.
Well, sorry to disappoint but I do have tantalizing tax news from the world of topless girls. Really. In addition to his other legal woes, “Girls Gone Wild” founder Joe Francis added to his rap sheet earlier in the month when he was indicted by a federal grand jury in Reno, Nevada on tax evasion charges.
The Department of Justice has announced along with the Internal Revenue Service that indictments were served on Francis. The indictments allege that Francis’ companies, Mantra Films Inc. and Sands Media Inc., claimed more than $20 million in false deductions on the companies’ 2002 and 2003 corporate income tax returns. The indictment also charges that Francis used offshore bank accounts and entities to hide income from taxation.
It’s really important to note that there is no prohibition against having an offshore account or entity. However, the US takes the position that citizens may be taxed on their worldwide income, which means that concealing income for the purposes of evading taxation is a crime.
Francis has been ordered to appear May 22 before U.S. Magistrate Robert A. McQuaid. The charges could result in up to 10 years in prison and $500,000 in fines for the multimillionaire. If convicted, it wouldn’t be the only legal obstacle for Francis in the last month. He was just released from a Florida jail on a contempt charge and this week was charged with a misdemeanor sexual battery for allegedly groping an 18-year-old woman.
Life in the fast lane just took an interesting turn.
This guy is a piece of trash and I wonder how many young girls who were drugged or had too much alcohol were “used”. Not that they don’t bear responsibility too if they did so on their own. Maybe his mother should have smacked his mouth a few times instead of kissing it, but I’m not a politically correct person.