Girls Gone Wild Founder Indicted Over $2.5 Million Casino Debt

February 6th, 2011 – by Glen Farmer

The founder of Girls Gone Wild, Joe Francis, is no stranger to legal troubles. Francis has once again ended up in the news, this time for allegations that he had failed to pay an enormous gambling debt to a casino in Las Vegas.

Francis has received an indictment by a grand jury on Wednesday on charges that he had failed to come up with payment for a $2.5 million gambling debt to a casino owned and operated by the gambling mogul Steve Wynn.

Francis’s arraignment is scheduled for February 16th.

Wynn has accused Francis of signing gambling markers, which essentially put the player into debt, in February 2007. Francis is allegedly incapable of paying the markers back. This equates to signing bad checks. Francis is set to be charged with theft and passing a worthless check.

Francis has denied the allegations. According to the Associated Press, Francis said that he did not sign a gambling marker.

Francis claims that Wynn attempted to cash the marker 15 months after it was issued, while Wynn knew that his bank account had been closed.

Francis had previously been indicted over several issues, related from financial crimes to sexual crimes. He had even been subject of charges associated with filming an underage girl naked.

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