Celebrity Justice
Girls Gone Wild CPA Is a Tax Rat!

Joe Francis should have gone to H&R Block, 'cause his accountant tried to rat him out to the IRS ... for a fee!

Francis is being prosecuted for alleged tax evasion. But get this -- we found out the indictment is solely based on accusations by Joe's former CPA, Michael Barrett, who told the IRS that his client cheated the tax man out of tens of millions of bucks. And the plot thickens, because the CPA is the one who signed the very returns he now claims are bogus.

And, in the supreme chutzpah department, the CPA filed an IRS form, demanding several millions of dollars from the government as an informant fee, for the very returns he prepared and then sent a letter scolding Uncle Sam for not responding to his reward request quick enough.



Filed under: Celebrity Justice


Reader Comments

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1. I don't care if he paid or not, he is a whoremonger and useless.

Posted at 3:30PM on Jul 21st 2008 by Smithy

2.

Wow. Now that just ain't right.

Posted at 3:36PM on Jul 21st 2008 by OCD

3. That Tax guy is a loser. I hope he's liable for some of it or does some prison time too.

Posted at 3:37PM on Jul 21st 2008 by Angelina

4. What a waste of air Joe Francis is. Is anyone honestly surprised at any of this? He's just getting the backlash of the world of whoredom he created for himself. Nothing new here, just another stereotypical case of idiocy and common sense ignorance.

Posted at 3:40PM on Jul 21st 2008 by meshgiath

5. I hate the guy. but seems like the CPA is setting him up..

Posted at 3:46PM on Jul 21st 2008 by waggy

6. jackass...

Posted at 3:47PM on Jul 21st 2008 by ozzman

7. a cheat who's good with numbers but a lame plot organizer.

Dumbass

Posted at 4:36PM on Jul 21st 2008 by Switch

8. a cheat who's good with numbers but a lame plot organizer.

Dumbazz

Posted at 4:38PM on Jul 21st 2008 by Switch

9. obituary: CPA found dead. Choked on his own stupidity

Posted at 4:49PM on Jul 21st 2008 by scratch and sniff

10. So let me understand this. The C.P.A. stands for Certified Public Accountant. Joe attends his office to seek professional advice, the slim ball sets him up to claim a "reward." Only in America.

Posted at 5:20PM on Jul 21st 2008 by Tik

11. Did you read the letter?? The accusation is against the CPA, BDO Seldman, who filed Joe Francis's 2001 and Joe Francis. Michael Barrett does not say he is a CPA, and the way he wrote the letter makes me think that he not. CPA's would not be as confused about the whistleblower process and have additional avenues to report fraud.

Posted at 5:48PM on Jul 21st 2008 by mary

12. Just to set the record straight: Anyone who turns someone into the IRS for tax evasion is entitled to 10% of what ever the IRS is able to collect from the one who is evading. CPA's are not liable for any under reporting of anyones income. CPA's can only prepare taxes based on the information provided by the client. When a client signs a tax return, right above the persons signature is a statement that says something along the lines of "Under penalities of perjury I swear this information is correct". there is no way a CPA can know if a client is telling them the truth or not, so the CPA is not liable for anything.

Posted at 6:09PM on Jul 21st 2008 by In the know

13. If he was a CPA he would have signed the letter as such, for credibility. He didn't prepare the tax return mentioned, another very large CPA firm did, sounds like Enrons way of accountant creativity.

Posted at 6:27PM on Jul 21st 2008 by Rick Hale

14. I wonder if the IRS cares about whether if birds of the same feather flocking together?

Nah, probably not.

Posted at 7:10PM on Jul 21st 2008 by SuperStarSteve

15. Is BDO Seidman so desperate for business they will take on a client who wants them to prepare an unethical and fraudulent return? Pathetic. Not only did Michael Barrett lose his credibility, he also lost the credibility of BDO Seidman. Michael Barrett is the one to blame in this situation. Sounds like he needs to retake the Ethics section on the CPA exam. As a fellow CPA, you couldn't pay me all the money in the world to sign off on anything that's unethical.

Posted at 7:45PM on Jul 21st 2008 by Neon

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