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April 12, 2007

Every year at this time the government makes a flurry of tax evasion indictments. Judges also seem to like to sentence tax criminals around this time of year. Just, you know, as a friendly reminder.

Yesterday they made an example of Joseph R. Francis, the founder of the "Girls Gone Wild" empire, indicting him on tax evasion charges. He is accused of taking $20 million in phony deductions and of stashing millions in offshore accounts. Among other things, the indictment alleges that Mr. Francis deducted the cost of building a $3.7 million home as a business expense.

So don't do that.

Joseph Francis in happier times.

UPDATE: The TaxProf has more.

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I lead such a conventional life. BORING! Thank you for reminding me. But at least I'm not in jail.

Good point. And not a small one. I'll take boring over Club Fed any day.

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