So in addition to the criminal contempt charge that our buddy Joe Francis was arrested on earlier this week, he will now also be charged with tax evasion and could face up to 10 years in prison.
' The indictment alleges that Joe's companies claimed over $20 million in false business deductions in 2002 and 2003. It also alleges that Joe tried to hide income using offshore bank accounts and entities supposedly owned by other people.
Joe is due to appear before a U.S. magistrate on May 22.
SOURCE
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