Girls Gone Wild creator indicted on tax fraud

Posted by Tracy Coenen on April 16, 2007 · Leave a Comment 

Joe Francis, the founder of the “Girls Gone Wild” video series has been charged with tax fraud for deducting over $20 million in false business expenses on the 2002 and 2003 corporate tax returns of his companies Mantra Films Inc. and Sands Media Inc.

The improper deductions included:

  • $2.78 million to build a home in Punta Mita, Mexico
  • $10.4 million in fake “consulting” services
  • $500,000 in fake insurance expense

Francis allegedly makes about $29 million a year from his videos.

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