April 12, 2007 Joe Francis Going To Jail?

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The underage girl exploiter, Joe Francis, was indicted yesterday for tax evasion. The charges stem from him illegally deducting more than $20 million on his taxes.

The Smoking Gun
reports:

According to a two count indictment filed in U.S. District Court in Reno, Nevada, Francis, 34, sought to conceal income through the use of offshore companies and nominees. At one point, he transferred $15 million from one offshore bank account to a California brokerage account in the name of a Cayman Islands corporation he controlled. If convicted of the federal charges, he faces a maximum of 10 years in prison and fines of up to $500,000. Francis was arrested yesterday on an unrelated federal warrant stemming from a civil lawsuit brought against him by seven underage women who were filmed by “Girls Gone Wild” cameramen in Florida in 2003.

I sure hope he has some Astroglide !

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