Joe Francis Loses the Right to Profit from Kim Kardashian's Favorite Mexico Estate
By TheBlast Staff on December 5, 2017 at 3:45 AM EST
UPDATE: Upon reading our story, Joe Francis sent The Blast this statement: "The lower court default judgment issued on December 4, 2017 does not affect any ownership rights in property or the operations of Casa Aramara whatsoever. It is business as usual at Casa Aramara in Punta Mita Mexico. This has been confirmed with BOTH United States and Mexican attorneys. This ridiculous judgment does not affect anything."
Joe Francis will no longer make money off his infamous resort in Mexico because a judge has ruled he fraudulently transferred $2,000,000 to support the property and now he can't profit from it until the money is paid back.
A judge granted a request by the trustee in Francis' bankruptcy case and ordered all rent, revenue, proceeds, and profits from Casa Aramara — Francis' iconic seaside estate in Punta de Mita, Mexico — be paid through a constructive trust in favor of the creditors.
The estate has achieved an almost legendary status over the last few years with the likes of Kim Kardashian, Kanye West, Jennifer Aniston, Ashton Kutcher and more having vacationed there over the years.
According to court documents obtained by The Blast, Francis allegedly funneled $2.1 million between March 2011 and February 2013 from Girls Gone Wild accounts to various people and entities in order to build and maintain the Casa Aramara property.
The trustee in Francis' bankruptcy case alleged that Francis was profiting off the rental — charging around $35,000/night — and keeping the money from his creditors. The trustee claimed that since Francis was marketing the property to U.S. customers – quoting room rates in U.S. dollars and touting the American celebs who have stayed there – that the profits were fair game.
A judge agreed and now the profits from the estate will be withheld until the $2 million is repaid.
