“Girls Gone Wild” gone bankrupt

887bmf “Girls Gone Wild” gone bankrupt

“Girls Gone Wild” has filed for bankruptcy.But don’t rejoice just yet: Joe Francis, the man who made millions by coaxing intoxicated coeds (and underage girls) to flash their breasts with beads and free T-shirts, is still completely awful and unapologetic. And, if you believe a spokesman for the company, “Girls Gone Wild” may still rebound. A spokesperson said in a statement that the move is strictly an effort to “restructure its legal affairs,” going on to say that “‘Girls Gone Wild’ remains strong as a company and strong financially.”Although no longer owned by Francis, at least one of the company’s major debts is a $10.3 million defamation settlement that Francis personally owed to Las Vegas casino owner Steve Wynn. After incurring more than $2 million in gambling losses, Francis told tabloid site TMZ that Wynn had threatened to kill him after he failed to pay up: “Wynn threatened to kill me. He said he would hit me in the back of the head with a shovel and bury me in a hole in the desert,” he told cameras. A jury ruled that the soft-porn mogul’s false death threat allegations defamed Wynn, ordering Francis to pay $20 million in damages.Continue Reading…

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“Girls Gone Wild” gone bankrupt


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