Joe Francis loses rights to his luxurious Mexican villa

Joe Francis (seen above in 2014), the entrepreneur behind Girls Gone Wild, has been ordered to pay back $2million to creditors who say he fraudulently used funds from his business to maintain his luxurious Casa Aramara home

The Kardashian sisters’ favorite luxury getaway may no longer belong to their good friend Joe Francis.

Francis, the entrepreneur and film producer who gave us Girls Gone Wild, has been ordered by a judge to pay back $2million to creditors who say he fraudulently used funds from his business account to maintain his luxurious Casa Aramara home.

The trustee in Francis’ bankruptcy case alleged that Francis profited from renting out his home in Punta de Mita, Mexico, where guests paid $35,000 per night.

Instead of paying back his creditors, Francis kept the money from them, according to The Blast.

A judge agreed with the trustee’s claim that Francis’ profits from the property were fair game because he marketed it to American customers and was charging rates in US dollars.

That means Francis will not be allowed to profit off his home. The rental money he charges guests at his home will instead be placed in a trust until the entire $2million debt is repaid.

‘Specifically, between March 2011 and February 2013, Joseph R. Francis, the Debtors’ founder, funneled more than $2.1million of the Debtors’ funds to various persons and entities in order to build and maintain the Casa Aramara Property,’ court papers obtained by PEOPLE state.

Casa Aramara is best known as the preferred getaway for the Kardashian family, who are frequent guests.

Joe Francis and his wife, Abbey Wilson, in 2014

Joe Francis is seen above with the Kardashian sisters in 2008

The trustee in Francis’ bankruptcy case alleged that Francis profited from renting out his home in Punta de Mita, Mexico, where guests paid $35,000 per night. Instead of paying back his creditors, Francis kept the money from them.  Francis is seen left with his wife, Abbey Wilson, in Los Angeles in 2014. He is seen right with the Kardashian sisters in 2008

It was there that Kim Kardashian was photographed by paparazzi wearing a skimpy thong – but with the cellulite on her backside clearly showing.

In April, Kourtney Kardashian celebrated her 38th birthday with her sisters at Casa Aramara.

She posted a number of racy photos in which she is seen in her bikini relaxing by the Pacific shore. 

Francis has also hosted the likes of Jennifer Anniston, Orlando Bloom, Demi Moore, Eva Longoria, Scott Disick, and Lance Bass.

Casa Aramara is best known as the preferred getaway for the Kardashian family, who are frequent guests

Casa Aramara is best known as the preferred getaway for the Kardashian family, who are frequent guests

It was there that Kim Kardashian was photographed by paparazzi wearing a skimpy thong – but with the cellulite on her backside clearly showing

It was there that Kim Kardashian was photographed by paparazzi wearing a skimpy thong – but with the cellulite on her backside clearly showing

Billed as ‘the only five-star private residence in Punta Mita, Mexico,’ the villa includes 12 bedrooms and 13 bathrooms

Billed as ‘the only five-star private residence in Punta Mita, Mexico,’ the villa includes 12 bedrooms and 13 bathrooms

It was designed by Martyn Lawrence Bullard, the celebrity interior designer who was featured on the Bravo reality series Million Dollar Decorators

It was designed by Martyn Lawrence Bullard, the celebrity interior designer who was featured on the Bravo reality series Million Dollar Decorators

‘This private luxury resort is just over two hours by air from Los Angeles, but feels like a million miles from anywhere,’ according to Home Away

‘This private luxury resort is just over two hours by air from Los Angeles, but feels like a million miles from anywhere,’ according to Home Away

‘It's truly one of the most exclusive properties in the world. Those few who are fortunate enough to experience it, will never forget their time spent at Casa Aramara,' according to Home Away

‘It’s truly one of the most exclusive properties in the world. Those few who are fortunate enough to experience it, will never forget their time spent at Casa Aramara,’ according to Home Away

Casa Aramara features world-renowned international cuisine from two 5-Star executive chefs who have trained at some of the best restaurants in the world

Casa Aramara features world-renowned international cuisine from two 5-Star executive chefs who have trained at some of the best restaurants in the world

Built by Francis in 2013, Casa Aramara bills itself as 'the only five-star private residence in Punta Mita, Mexico'

Built by Francis in 2013, Casa Aramara bills itself as ‘the only five-star private residence in Punta Mita, Mexico’

In 2013, Francis’ company filed for bankruptcy protection citing $16million in debts.

Privately owned GGW Brands filed for Chapter 11 bankruptcy in US federal court in Los Angeles.

The Los Angeles company said in a statement that it was seeking reorganization and that the filing would not affect any of domestic or international operations of Girls Gone Wild.

The company, which has sold millions of the racy videos and DVDs since 1997, listed a $10.3million debt owed to Wynn Resorts casino owner Steve Wynn as its biggest debt.

Girls Gone Wild creator Joe Francis was last year ordered to pay Wynn $40million in damages for defamation and emotional distress.

The bedrooms come with a king size bed, en-suite bathtub and separate shower, air conditioning, satellite TV, a DVD player, iPod dock, and Wi-Fi access

The bedrooms come with a king size bed, en-suite bathtub and separate shower, air conditioning, satellite TV, a DVD player, iPod dock, and Wi-Fi access

The above living room features fine art, nicely colored furniture, and an air hockey table

The above living room features fine art, nicely colored furniture, and an air hockey table

For those interested in spoiling themselves with a massage, this room is just what the doctor ordered

For those interested in spoiling themselves with a massage, this room is just what the doctor ordered

The image above shows one of the 13 bathrooms at Casa Aramara

The image above shows one of the 13 bathrooms at Casa Aramara

Some of the bedrooms also have a safe, full-stocked mini bar with assorted snack trays, complimentary beverages, bathrobes, toiletries, and an oceanfront view

Some of the bedrooms also have a safe, full-stocked mini bar with assorted snack trays, complimentary beverages, bathrobes, toiletries, and an oceanfront view

A Los Angeles jury found that Francis had falsely claimed that Wynn threatened his life over a gambling debt.

Another creditor listed in the bankruptcy papers was a woman who won a $5million lawsuit against Girls Gone Wild after someone exposed her breasts in a bar without her consent for one of company’s films.

GGW Brands said it has assets of less than $50,000, according to the court papers.

‘The company Girls Gone Wild remains strong as a company and strong financially. The only reason Girls Gone Wild has elected to file for this reorganization is to restructure its frivolous and burdensome legal affairs,’ GGW Brands said in a statement.

In April, Kourtney Kardashian celebrated her 38th birthday with her sisters at Casa Aramara

In April, Kourtney Kardashian celebrated her 38th birthday with her sisters at Casa Aramara

Kourtney Kardashian is seen in the red bathing suit in the middle jumping into a pool with her friends at Casa Aramara

Kourtney Kardashian is seen in the red bathing suit in the middle jumping into a pool with her friends at Casa Aramara

She posted a number of racy photos in which she is seen in her bikini relaxing by the Pacific shore

She posted a number of racy photos in which she is seen in her bikini relaxing by the Pacific shore

She posted a number of racy photos in which she is seen in her bikini relaxing by the Pacific shore

Billed as ‘the only five-star private residence in Punta Mita, Mexico,’ the villa includes 12 bedrooms and 13 bathrooms.

It was designed by Martyn Lawrence Bullard, the celebrity interior designer who was featured on the Bravo reality series Million Dollar Decorators.

‘This private luxury resort is just over two hours by air from Los Angeles, but feels like a million miles from anywhere,’ according to Home Away.

‘It’s truly one of the most exclusive properties in the world. Those few who are fortunate enough to experience it, will never forget their time spent at Casa Aramara.’  



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