[taxabletalk] Russ: What's a Lawsuit When You Face a Tax Fraud Case

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Posted by Russ:
What's a Lawsuit When You Face a Tax Fraud Case
http://www.taxabletalk.com/posts/1214957033.shtml


   That's the question that Joe Francis, founder of [1]Girls Gone Wild,
   must answer. [2]Francis already faces tax charges; he's accused of
   hiding income through the use of foreign accounts and over $20 million
   of improper deductions on his corporate tax returns.
   So what's another lawsuit? T[3]he Wynn Las Vegas Casino accuses Mr.
   Francis of not repaying $2 million of a $2.8 million loan. Mr. Francis
   is arguing that he has agreements so that he didn't have to repay the
   loan.
   No trial date has been set.

References

   1. http://en.wikipedia.org/wiki/Girls_Gone_Wild
   2. http://articles.latimes.com/2007/apr/12/business/fi-girls12
   3. http://www.wynnlasvegas.com/