FranBest FRANCHISE WATCH has been keeping tabs on the story of Java Jo’z franchisor Roy Snowden, who has been convicted of Tax Evasion & Fraud charges. Numerous Java Jo’z franchisees have allegedly been unable to recover deposits of $20K & $30K made to Java Jo’z. This is an excerpt from Janet Spark’s post on Blue MauMau:
First Motion to Refinance Home Denied
In an Order from the U.S. District Court, Northern District of Florida, Pensacola Division, Senior U.S. District Judge granted the Second Motion to Continue Sentencing in United States of America v. Roy P. Snowden. The motion, filed January 16, had requested that the sentencing scheduled for January 23, be continued due to a family medical crisis of Snowden’s counsel, preventing him to attend the sentencing.
Snowden’s first Motion to Continue Sentencing, filed January 10, had been denied by the court. The motion was mainly on the grounds that Snowden had been in the process of refinancing his residential home, which had been approved in the amount of $1.4 million, which was less than 70% of the appraised value.
The motion states that the defendant is in the process of seeking additional lenders that would loan up to approximately $1.7 or $1.8 million in the refinance. The refinance would eliminate a first and second mortgage and it states, “. . . it should leave sufficient funds to eliminate all of the back taxes, interest, and penalties.†The $1.4 million would eliminate the two mortgages and the balance of approximately $850,000 to $900,000 would be left to be payable to the I.R.S. against the taxes, penalties, and interest.
4 replies on “Java Jo’z Snowden Is Granted Second Motion to Continue Sentencing”
[…] FranBest’s FRANCHISE WATCH has been keeping tabs on the story of Java Jo’z franchisor Roy Snowden, who has been convicted of Tax Evasion & Fraud charges. Numerous Java Jo’z franchisees have allegedly been able to recover deposits of $20K & $30K made to Java Jo’z. For an update on the sentencing of Roy Snowden, CLICK HERE. […]
When a thing ceases to be a subject of controversy, it ceases to be a subject of interest.
I am so really extremly shocked to see all of the post on the matter I discussed earlier are gone. Everything I have posted on this matter has been deleted. Someone tell me there has got to be something I can do about this. Cuppy’s is/ has to be breaking some law by deleting these post and redirecting URL’s. I fully plan to look into this, I spoke to the IT guy At work today and he says it is a break of federal law. That these people seem to just be getting themselves into more trouble. This really has my attention now. And anyone interested in free speach or even the gift we have been given to blog our thoughts and opinions should be deeply concerned by this company’s obviouse attempt at silencing it’s criticts. I can not believe that any lawyer representing this company would give them this advice. I know one thing I am not Scoble , I will set up a 1000 different blogs and let them delete them so that I can sue. Not for money but principal. How dare they think they have some power over the internet.
It’s official! Java Jo’z Chief Joe, Roy Snowden, was sentenced to four years in prison and three years of supervised release for Evasion of Payment of Income Tax and Conspiracy to Defraud the IRS. In the end, Snowden admitted that he failed to file tax returns and set up companies to transfer assets to escape the reach of the IRS. But it seems the IRS has long arms.
It was Sean Kelly and Franchise Best that helped bring to light the story of Java Jo’z and Cuppy’s Coffee.
JD breaks the full report here.
Regards,
Don Sniegowski
look who’s up to no good again
Plaintiffs: ROY P. SNOWDEN and KIMBERLY M. SNOWDEN
Defendants: JOHNSON & JOHNSON, ORTHO-MCNEIL PHARMACEUTICAL, INC. and JOHNSON & JOHNSON PHARMACEUTICAL RESEARCH AND DEVELOPMENT, LLC
Case Number: 3:2010cv03510
Filed: July 8, 2010
Nature of Suit: Torts – Injury – Personal Injury- Product Liability
Cause: 28:1332