Joe Francis: ?Girls Gone Wild? Bankrupt
 

No big surprise here. Another pussy that doesn't pay his debts

Girls Gone Wild founder Joe Francis filed for Chapter 11 bankruptcy protection for his soft-core porn business, GGW Brands LLC, amid a legal battle with casino mogul Steve Wynn.

Francis, 39, filed for bankruptcy on Wednesday in California, a move that will protect his assets against a long-standing lawsuit by Wynn, reported the Wall Street Journal.

Among the four largest creditors that Francis listed, the largest was $10.3 million in disputed debt with Wynn Las Vegas. The dispute stems from a $2 million gambling debt Francis incurred during a trip to the resort in Feb. 2007, according to court papers.
Last year, a judgment of $7.5 million was given to the hotel for defamation “stemming from Francis’s public attack falsely accusing Wynn of deceiving customers,” according to the lawsuit filed by the resort. In September, a jury awarded Wynn another $20 million for punitive damages for slander.

http://abcnews.go.com/blogs/business...wild-bankrupt/

I'm sure he'll be just fine.

;)

On top of being a colossal dick he's also a welsher of gambling debts. What a pussy.

.

so the company isn't bankrupt, just the founder?

$2 million blown into debt in a month, in a single casino?

Who does that???

Looks like the company filed for bankruptcy. He overdid the commercials. They were playing all the time at night on Comedy Central. I saw him treating girls that wanted to be on Girls Gone Wild pretty bad backstage. Then he went on Oprah and acted like the nice guy. Pretty big dick, but seems to enjoy being that way.

More info on Bloomberg
http://www.bloomberg.com/news/2013-0...egas-debt.html
"The company behind the ?Girls Gone Wild? videos filed for bankruptcy to protect itself from a $10.3 million debt claimed by Steve Wynn?s Wynn Las Vegas LLC and a $5.8 million award won by a woman who says the company used naked images of her without permission. "

Joe Francis is the only guy I know that was busted for a 2257 infraction.
Way to go Joe!

:1orglaugh:1orglaugh:1orglaugh:1orglaugh:1orglaugh :thumbsup

http://cache.gawker.com/assets/image...d8736af040.jpg

:stoned

ADG

Hookers and blow isn't cheap

Why would a casino allow it?

2014 AVN keynote speaker?

I ain't even reading this
With a moron like him running shit, what the fuck, who the fuck would not have expected this?

The sky is blue

Him and sleazy should start a gay nightclub together and pee on each other
Because, hey, it's okay to be a complete waste of a lack of air even if the air isn't there
They both aren't even that

Morons

He plead to it, wasn't convicted by a jury. Feds don't really want 2257 to be tested in court. If memory serves all he got was a fine and time served. Of course this was all taking place while a whole shit storm of other legal issues were swirling.

A loser.

Because they probably made $20 million off of him before he went $2 million in the hole:pimp

How this douche fucks up the best niche converting market that hits mainstream is beyond me. Seriously, even the most dense people not involved in the adult industry knows what Girls Gone Wild is and Fancis somehow doesn't capitalize on this and fucks it up to this point shows how truly stupid and a douche he is. My lord, he is truly the poster child for epic fail

Top notch :thumbsup

Casinos extend Multi Million dollar lines of credit to people all the time. Most of them pay their debts. But big players can walk into a casino and get a line no questions asked.

You still got your GGW truckers hat?

That's one guy I can't stand.

He's a shithead.

http://tucsoncitizen.com/morgue/file...4/l48186-1.jpg

I thought this was less about his gambling and more about him being sued, including being sued by Steve Wynn.

The millions he owes other makes the few hundred his program owes me seem pretty small :)

Toe to Toe with Steve Wynn in a legal battle :1orglaugh:1orglaugh

.

The filing will only mean that his creditors will be partially paid as the result of the liquidation of all or part of the cash or assets of the company and the remainder of the debt will be discharged.

He will be back in business in no time.

:2 cents:

Takes one to know one.......

Is the website still going?

Proof or ban.

dude, it's been on here a gillion times before. get with the program.

Apparently I'm not the only person who saw the irony of that post.

I had one of those and don't remember how I got it. I was embarrassed to even have it. It wasn't long before that went in the trash.

BTW, what a c*** to give all that money to a casino. Use the money to clean up your town you piece of shit! Egomaniac.

Wasn't he worth over $100 Million at one point?

Seems like a lot of stress

http://www.dailymail.co.uk/news/arti...S-pay-out.html

It's not just players who reneg on their gambling debts, it's also casinos! Refusing to pay him $11m pounds that he won in 7 hours.

PS: The youtube video at the bottom of that page vs Paul Jackson is one of his most famous hands ever. I happened to be in the room at one of the oldest and most prestigious casinos in the world in Monaco watching that hand live. :)

Fucking shit, why i dont get chance to run such business

Hes hiding his money for the sake of the lawsuit.

A loser. That's who.

left it in the back seat of that cab with the hooker on my Bday

Ah yes good times that will not be forgotten.

Wtf not paying Phil Ivey. Insane.


I'd like more info on this part of the story:

"Accompanied by a ‘beautiful Oriental woman’, Mr Ivey, a 35-year-old Californian, was playing Punto Banco, which is a skill-free variant of baccarat, when he struck a remarkable winning streak."

Looks like PBBC got another one

joe will be back...there's a big difference between "bankruptcy protection" and being broke....

dont forget that means his most valuable asset as well... all the pretty content.
guessing GGW owns all that as well.

but damn he had talent and balls when he first started.

It's always the same with these flamboyant guys... *cough* Ryan eagle *cough*

These guys have been chasing (threatening) me to hand over a ggw domain for a few years. They won't pay what is owed, so why the hell hand over a domain to these assholes. As far as i'm concerned, hope Joe gets fucked in the ass by a glass covered dildo, followed up by a lemon juice colonic irrigation.

He's still young at 39, i am sure he can recover quickly

Does this mean GGW Cash won't be paying webmasters from the 2008 accounting issues?