.

Joe Francis Going After Accountant

10/17/2012
. (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. more on this story

TMZ submitted this story.
Copyright TMZ - Excerpted here with permission.

Joe Francis T-shirts and Posters

Share this article

Share on Facebook

Share on Twitter

Pin it

Share on Reddit

email this article

...end

advertisement

Day In Rock

Did Sydney Forget AC/DC? Explores New Documentary- Europe's 'The Final Countdown' Gets A Makeover By David Guetta - Incubus Cancel Sonic Temple- more

Alice in Chains Cancel Tour Dates Due To Medical Emergency- Three Days Grace Announce New Album- Oasis Full Catalog Goes Dolby Atmos- more

Day In Country

NEEDTOBREATHE Unplugging For The Barely Elegant Acoustic Tour- Mac McAnally Hosts Special SiriusXM Tribute to Jimmy Buffett With Kenny Chesney- more

Day In Pop

HAIM Discuss Being Single While Making New Album And Who's The Flirtiest- Kesha Recruits A.G. Cook For 'YIPPEE-KI-YAY' Remix- The Weeknd- more

Reviews

Live: Pearl Jam Rock Nashville

On The Record: Steely Dan- Stevie Wonder- Smokey Robinson

Mother's Day Gift Guide Part 2

Mother's Day Gift Guide Part 1

Billy Idol - Dream Into It

Latest News

Did Sydney Forget AC/DC? Explores New Documentary

Simple Plan Get 'Young & Dumb' With Avril Lavigne

The Who Releasing 'Live At The Oval 1971' For The First Time

Europe's 'The Final Countdown' Gets A Makeover By David Guetta And Hypaton

Incubus Cancel Sonic Temple Festival Appearance Due To Illness

Boys Hits Car Cancel Whisky Show After Dump Truck Hits Legendary Venue

Puddle of Mudd's Wes Scantlin Talks New Album, Fred Durst, Josh Freese and More

Eric Clapton's Unplugged: Enhanced Edition Gets Vinyl and CD Release