Girls Gone Wild creator indicted on tax fraud
Joe Francis, the founder of the “Girls Gone Wild” video series has been charged with [tag]tax fraud[/tag] 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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