“Girls Gone Wild” founder owes $2M to Wynn
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“Girls Gone Wild” founder Joe Francis is the latest to owe a big debt to the Wynn Las Vegas, as it has been reported that he owes more than $2 million to the resort and casino.
The Wynn sued Francis, 35, on Friday for unpaid gambling debts racked up last year, according to the Las Vegas Review-Journal:
According to the lawsuit, Wynn Las Vegas extended $2.5 million in credit to Francis on Feb. 16, 2007, and an additional $300,000 two days later. Francis made a $800,000 payment later that month, but the rest has yet to be paid, according to court papers filed in Clark County District Court.
The lawsuit is just the latest legal trouble facing Francis. Francis is free on $1.5 million bail pending a trial on tax evasion charges in Reno. Francis was booked into Washoe County Jail in June 2007 on two counts of federal tax evasion. He decided to remain in jail in Nevada rather than be sent back to Florida, where he faced charges of child abuse and prostitution. He was released in March.
According to the story, Francis makes about $29 million a year with the “Girls Gone Wild” series.
