Girls Gone Wild Mogul Says He Will File Bankruptcy
Joe Francis, infamous chief of the Girls Gone Wild, told TMZ he is “on the brink of bankruptcy.”
The IRS has placed liens against Francis’ property and bank accounts due to more than $33 million in unpaid taxes. They froze bank accounts that Francis said were worth $100 million.
Francis is fighting back, and taking the government to court, claiming he doesn’t owe any back taxes.
This isn’t Francis first run-in with the law. Over the years he’s faced a long list of charges, from bribery to tax charges to racketeering and prostitution, and has served time in prison. He has also had several disputes over unpaid taxes.
Filing chapter 7 bankruptcy is designed to stop all forms of collection, and may help Francis protect if he decides to file.