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.