TMZ

Our TV Shows

Got a Tip?

Call TMZ at (888) 847-9869 or Click Here

Joe Francis

My Ex-Accountant

SCREWED ME OVER

10/15/2012 4:27 PM PDT BY TMZ STAFF
EXCLUSIVE

1015_joe_francis_article_tmz
Joe Francis claims his former accountant almost ruined him financially by fraudulently getting him involved in some bogus tax shelters and promising the IRS would be A-OK with it .... and it cost him more than $12 million and possibly a lot more.

According to the lawsuit, obtained by TMZ, the accounting firm, BDO Seidman, admitted to criminal conduct over the tax shelters and agreed to pay fines of $50,000,000.

Joe is seeking more than $20 million in damages, which might make a dent in the $40 million he owes Steve Wynn after losing a defamation lawsuit.

47 COMMENTS

No Avatar
1.

wendy    

karma

740 days ago
2.

devilgirl    

Douche bag.

740 days ago
3.

Carl    

Knowing how Joe is he probably told his accountant to find ways to hide his money from the government regardless of the legality.

740 days ago
4.

dyls_E    

i want him to go broke so much.

740 days ago
5.

Fallopia Lopez    

Couldn't have happened to a nicer guy. Hope they determine that he actually needs to pay more. Maybe this s***bag is actually on his way out of the picture finally.

740 days ago
6.

Fallopia Lopez    

Nice duds, Joe. Looks like your collar is trying to hide from your face.

740 days ago
7.

latestdiets.net    

100% S***bag. Got Milk?

740 days ago
8.

Rocket    

What a total LAME!

740 days ago
9.

Raymond    

The pic is hilarious.

740 days ago
10.

RedwoodPerch    

I'm starting to think that Joe has karma problems.

740 days ago
11.

Jen    

Bend over and take it like the tool you are.

740 days ago
12.

Josie Wails    

MAYBE DOUGHFRANCIZ CAN TURN TO THE PREEZY FROM SLEEZY COUSIN POOKIE POTUS AND THEY CAN BOTH STOP ACTING LIKE GIRLS ON THE TOP OF A CARNIVAL RIDE SUCKING DOWN CELEBRITY ICE AND BEG STEVE WYNN TO SHOW THEM WHY WHINERS AND POSERS END UP IN TIN PAN ALLEY AND NO ONE REMEMBERS A LIAR AND A FOOL SUCKING THEIR NARCISISTIC THUMB LIKE THESE TWO GIRLS GONE WILD DO.

740 days ago
13.

la zingaro    

I kind of feel bad. I totally wished ruination on this sleazebag. Who knew I held such powers?

740 days ago
14.

Phreaky    

How many millions has he spent on teeth whitening? I'm blind from that picture.

740 days ago
15.

static    

You cheated on your taxes and got caught STFU and pay up.

740 days ago
| 1 | 2 | 3 | Most Recent | Next 15 Comments

Around The Web