
Joe Francis was back in court Monday trying to defend himself.
The Girls Gone Wild founder pleaded not guilty today to federal tax evasion charges.
His case is scheduled for trial on September 16th.
He's probably praying everyday he doesn't get convicted. If he does, he could possibly face 10 years in jail.
Francis reportedly deducted more than $20 million in fake business expenses on his companies' corporate income tax returns for the years 2002 and 2003.
Prosecutors are also alleging that he transferred over $15 million from an offshore bank to a California brokerage account in the name of a Cayman Islands company under his control.
He also allegedly charged over $10.4 million in fake consulting services and spent almost $4 million to build a home in Mexico as a business expense.
Francis' attorney, Robert Bernhoft, says that Francis's certified public accountant had filed the returns and signed them.
Then, coincidentally two years later, the accountant demanded a bounty for supposedly exposing Francis as a tax cheat.
Bernhoft said Francis never saw or signed the tax returns.
He added, "The CPA's mistakes have already cost Joe Francis millions in tax penalties and interest. It's time for this persecution to stop."
Bernhoft also said there would be "nuclear bomb-type developments" filed this week regarding the case.
Is ignorance a legal excuse???
[Image via WENN.]
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