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Girls Gone Wild CPA Is a Tax Rat!

7/21/2008 4:15 PM PDT BY TMZ STAFF

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.

24 COMMENTS

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16.

Neon    

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.

2249 days ago
17.

Zach Swan    

What a lowlife this Barrett is.

Snitches belong in ditches dude.

2249 days ago
18.

the hardest    

kill all RATS!

2249 days ago
19.

Observer    

I hope Barrett comes to work in the morning so I can fire his ass.

2249 days ago
20.

Dr.DD    

Seems like he's being preped like Al Capone...for long term prison.

2248 days ago
21.

Dr.DD    

Seems like he's being preped like Al Capone...for long term prison.

2248 days ago
22.

Joke    

"INTHEKNOW", if the CPA didn't know whether he was telling the truth or not, why turn him in? You do understand that the CPA claims that this guy cheated the gov of 10s of millions, right? somehow he DID know and was aiding in the crime!

2248 days ago
23.

Joke    

well looks like barrett needs the cash and francis dropped him as a cpa. this guy wants millions yet.. lmfao... i really hope he doesnt get it.. thats insane.

2248 days ago
24.

anthony    

Joe Francis went to college,,.... he did not steal from anyone, he simply had an idea and went for it...... nothing illegal and anyone that hates him is jelous of a simple idea that gave him the lifestyle he has now.....

2248 days ago
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