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Francis Ordered to Pay Wynn $40 million

Joe Francis, the founder of ‘Girls Gone Wild’, has been ordered to pay casino mogul Steve Wynn $40 million.

Joe Francis, the founder of ‘Girls Gone Wild’, has been ordered to pay casino mogul Steve Wynn $40 million.

In 2010 Francis accused Wynn of threatening to kill him and bury him in the desert. The fine was awarded to Wynn as a result of a successful slander suit against Francis.

After the ruling Wynn described Francis as an “unbelievably reckless human being” and praised the justice system for sending the right message.

Francis’ attorney, Aaron Aftergood, has said that there will be an appeal on the grounds that jurors were permitted to penalise Francis for discussing the accusation on “Good Morning America” without seeing the interview.

On his website Francis wrote that he still believes that his “life was endangered” and that one day the “public will see that I am the real victim here and not Steve Wynn.” Francis claimed that he’d heard the threats from producer Quincy Jones, a friend of both men. However, Jones testified that Wynn had never made the threats to him.

Wynn and Francis have been arguing since 2008 when Wynn sued Francis for a $2 million gambling debt. It was during a hearing relating to the debt that Francis alleged that Wynn had threatened to kill him.

 

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.

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