9th Circ. Awards US $20M In 'Girls Gone Wild' Tax Row

Law360, Los Angeles (June 18, 2013, 5:59 PM EDT) -- The Ninth Circuit on Tuesday ruled that Rothwell Ltd. must surrender $20 million from a securities account to the Internal Revenue Service because it is the account's caretaker for “Girls Gone Wild” founder Joe Francis, who owes the U.S. government millions of dollars in unpaid taxes.

In a four-page unpublished decision, a unanimous three-judge panel affirmed a trial court's ruling that the tax levy imposed on the account by federal officials was valid and that the Cayman Islands-based Rothwell owned the particular account as Francis' nominee....
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