Click here for Mobile Site: http://m.cbs2.com
  • Font Size    
Advertising
E-mail

Close Window E-mail This Page

Joe Francis Pleads Not Guilty To Tax Evasion

Required fields are marked with an asterisk(*)

The information you provide will be used only to send the requested e-mail and will not be used to send any other e-mail communications. Read more in our Privacy Policy

Send E-mail

   Print     Share +    Comments
Jul 21, 2008 12:14 pm US/Pacific

Joe Francis Pleads Not Guilty To Tax Evasion

LOS ANGELES Joe Francis, the founder of the "Girl Gone Wild" video series, pleaded not guilty Monday in downtown Los Angeles to federal tax evasion charges.

A federal grand jury in Reno, Nev., indicted 35-year-old Francis in 2007, charging him with two counts of income tax evasion. In May, a federal judge in Nevada transferred the case to Los Angeles.

Francis is tentatively scheduled for trial on Sept. 16.

If convicted, Francis faces a possible sentence of 10 years in federal prison and $500,000 in fines, although it is unlikely he would receive a punishment that severe.

According to the indictment, Francis deducted more than $20 million in bogus business expenses on his companies' corporate income tax returns for the years 2002 and 2003.

Prosecutors also allege that Francis transferred $15 million from an offshore bank account to a California brokerage account in the name of a Cayman Islands company under his control.

(© 2010 CBS Broadcasting Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. Wire services contributed to this report.)

Add Comment

here. here. Need a log in? Register here
  •  * Will not be displayed with comment
  •  * e.g. (http://www.mywebsite.com)
  •  
  • Click here to refresh with new letters

Show Comments (0)

Close Window Login


Close Window Flag Comment


loading...
You need the latest Flash player to view video content.
Click here to download.

Click here to bypass this detection if you already have the latest Flash Player.

Entertainment News

Top News Stories

© MMX, CBS Broadcasting Inc. All Rights Reserved.