'09
I often wish TMZ would fill in more details in their stories. They usually just list the facts, and when they’re particularly explosive, I want to know more dirt. In this recent story on Joe Francis’ money problems, they just let us know in a matter-of-fact way that the IRS seized $100 million dollars in cash from Francis’ accounts, that they’ve placed a whopping $33 million lien on his assets, and that he’ll probably have to declare bankruptcy.
Francis avoided additional jail time on federal tax evasion charges by copping a plea in September, which reduced his sentence to time already served and ordered him to pay just $250,000 in restitution. (He chose to serve time on tax evasion charges in a relatively cushy county jail in Nevada over a hardcore jail in Florida, where he was being held for contempt of court. He could have easily met bail in Nevada, but that would have meant returning to Florida, where he was being held without bail, and where jail reduced him to a blubbering mess. He eventually copped a plea in Florida.) Now the IRS says he owes $33 million, and Francis is claiming the government is using an antiquated law against him and that it’s retribution, because everything is a conspiracy to this man:
The IRS wants some serious “Girls Gone Wild” money, because they’ve filed a lien against Joe Francis for a whopping $33,819,087.14 … this according to documents obtained by TMZ.
The Federal Tax Lien doc was filed today. The IRS claims Joe owes the money for 3 years of back taxes — 2001, 2002 and 2003. In 2001, the IRS says Joe didn’t pay $17,658,358. In 2002, the delinquency is $11,238,582.14, and in 2003, he owes $4,922,147.
It was less than 2 weeks ago that Joe got out of a sticky federal tax evasion case by copping a plea and avoiding prison.
Joe told TMZ, “I have no idea what it is.” He says he does not owe the money and, “This is total retaliation for me beating them in court.” Joe says the law the IRS is using hasn’t been used against anyone in 20 years.
Joe says yesterday, the feds seized more than $100,000,000 in cash accounts of his.
Joe says the IRS is forcing him to file for personal bankruptcy, which he will do tomorrow.
[From TMZ]
Oh well, Joe Francis has to file for bankruptcy and will have to cut back on his lavish lifestyle to pay Uncle Sam. I can’t say I’m sorry for the woman-beating rapist. If you look at all the charges that have been brought against him, some of them definitely shouldn’t have stuck. I don’t think he should have been held without bail in Florida on measly contempt of court charges. This is a guy who farts, swears, and checks his e-mail in court and makes a living off videotaping drunk barely-legal girls. It’s not like he’s going to get much sympathy even if he’s right and the government is somehow targeting him. I can’t think of a pseudo celebrity more worthy of having all their assets seized by the IRS, although Roman Polanski also comes to mind.
Thanks to Oxa for the tip! Please send tips to info-at-celebitchy.com
Joe Francis is shown out on 11/6/09. Credit: Hellmuth Dominguez, PacificCoastNews.com
Written by Celebitchy
Posted in Joe Francis, Taxes
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17 Responses to “Joe Francis to file for bankruptcy over $33 million IRS tax lien”
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I was going to say “couldn’t have happened to a bigger a-hole” but you’re right…would be nice to see the same thing happen to Polanski.
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Is Girls Gone Wild still going on? I haven’t seen a commercial for it in a long time. Maybe I’m just watching different stations.
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It’s really disgusting that this bottom feeder ever even made that amount of money to begin with.
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I don’t understand. He owes 33,000,000, but the government took more than 100,000,000?
Does that not make any sense to anyone else?
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CT, don’t know for sure…
but the $33 mil was just what he owed for back taxes. The rest of it is probably interest, fines, and legal fees.
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Maybe he owed $133,000,000 - could be for back taxes for years other than 2001, 2002, and 2003. It says the $33,000,000 was for back taxes owed for those 3 years. This creep probably has been committing tax fraud pretty much every year he has been in business, which has been a long time. Then you have penalties and interest, which is where the IRS really gets you!
Good riddance to this scumbag!
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Joe Francis is nothing more than a glorified pedophile. His sex offenses are well documented and his victims numerous. He’s an absolutely disgusting specimen of a human being.
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Ha ha! He is in no position to call anyone a loser.
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YES! SEND THIS DIRT BAG TO JAIL! LOL!
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How in the HELL does a human try and claim bankruptcy and still ride around in @&%*($% LIMO???
/facepalm
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I am officially loving the IRS! I can’t stand this little worm. I hope he ends up begging on the streets!
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I agree with michelle! There was an article written a while back by a female reporter who followed him around for a few days. It’s quite long but it gives a really creepy account of what her experience was like with him. She starts out the article by describing his attack on physically without her provoking him. And there is one disturbing account of him taking a woman’s virginity when she tells him no. This couldn’t happen to a better human being!
http://www.latimes.com/features/printedition/magazine/la-tm-gonewild32aug06,0,5620406.story
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He’s lost a lot of weight. Looks like a crackhead around the face. Bony.
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Throw his ass in jail and throw away the key. He’ll make someone a nice bitch in jail.
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“I have no idea what it is.” He says he does not owe the money and, “This is total retaliation for me beating them in court.” Joe says the law the IRS
The audacity!!! Nobody messes with IRS.
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I’ve been involved in taxes for lengthier then I care to acknowledge, both on the individual side (all my working life story!!) and from a legal stand since passing the bar and following up on tax law. I’ve rendered a lot of advice and redressed a lot of wrongs, and I must say that what you’ve posted makes complete sense. Please continue the good work - the more people know the better they’ll be equipped to handle with the tax man, and that’s what it’s all about.
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Girls Gone Wild is so passe.
Sorry Joe, your 15 are pretty much up.
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