Home > News > Owner of Texas Porn Empire Indicted for Tax Evasion • Bookmark   • Newsletters   • Register Search Options

NEWS STORY

Owner of Texas Porn Empire Indicted for Tax Evasion

Owner of Texas Porn Empire Indicted for Tax Evasion
Get XBIZ News
Jun 14, 2004 2:06 PM PDT    Text size: 
AUSTIN, Texas – The state of Texas is about to see the lights go out on scores of adult video stores if the federal government has its way.

John K. Coil, 62, and his son stand accused by the feds of tax evasion to the tune of between $2.5 million and $5 million. Both men have pleaded guilty to all charges of corporate and income tax evasion. They have also pleaded guilty to mailing fraudulent tax returns.

The Coil family of Highland Village have operated a porn chain throughout the Southwest portion of Texas for the past 30 years.

Additional charges against Coil senior include transporting a video called "Nympho Bride," which authorities intend to prosecute as obscene material.

Attorney General John Ashcroft announced the Coil indictment in September 2003. Coil has been quoted as saying that Ashcroft's obscenity charges are based on religion and carry no legal merit.

According to earlier reports, Coil's son owns the 24-Hour News Stand at West Mount Houston and the North Freeway. All business contact information is listed in Lewisville.

The exact number of adult stores under Coils control is not full known, however, he has been confirmed as the owner of B.J.'s Adult Video, Zone D'Erotica, Pinemont Video, and Far West News and Video.

Adult stores in San Antonio, College Station, El Paso and Houston are expected to close within the coming months.

Both Coil men entered their pleas in U.S. District Court in Austin, the Associated Press reports.

The Coils are scheduled to go to trial next week, the AP reports. Coil senior faces a maximum sentence of 10 years, whereas family members, including his son, also face jail time if found guilty. Their sentencing is scheduled for August.

Federal agents had originally tried to seize 58 properties owned by the Coils, but later settled for 45 properties, which included houses, offices, vacant lots, and an undisclosed number of adult video stores.

More ways to get XBIZ News:  RSS Feeds  |  E-Newsletters  |  Desktop Widget  |  Mobile
Looking for porn star news and behind-the-scene videos? Check out XFANZ.com !

LEGAL PERSPECTIVES

Data Privacy Is Tightening Up in the E.U.

Have you begun preparing for GDPR? If you are like most, you haven’t even heard of GDPR, but also if you are like most, it is going to affect your business, starting May 25, 2018. The GDPR, or General... More »

Preventing Legal Problems Before They Start

Dentists typically recommend that a person’s teeth be cleaned every six months and that oral X-rays be taken at least once every year. Internists recommend that a person receive a physical examination... More »

Could Adult Content Be Banned?

Earlier this month, I met with the Free Speech Coalition’s board of directors for our annual review. Despite the headwinds our industry faces, politically and economically, we are, as an organization,... More »
XBIZ NEWSLETTERS
Stay informed of the latest industry developments. Get XBIZ newsletters delivered to your inbox. Subscribe today!
Enter email address:

* To manage existing subscriptions click here.






POPULAR PRODUCTS & SERVICES
Submit your press release to
multiple news outlets with 1 click.
Subscribe to RSS news feeds or
add free content to your website.
Access XBIZ news and articles
with your mobile device.
Access the latest issues of the industry's leading trade publications in digital form. View online or download for offline viewing.

UPCOMING EVENTS

Latin America Adult Business Expo

Jul 10 - Jul 12
Cartagena, Colombia

ANME Founders Show

Jul 16 - Jul 18
Los Angeles Marriott Burbank Airport

QWEBEC Expo

Aug 03 - Aug 06
Montreal, Quebec

XBIZ Berlin 2017

Sep 11 - Sep 14
Berlin, Germany
Everyday thousands of business professionals browse XBIZ's industry directory for quality products and services. Not listed yet? Your company could be losing potential new business. Submit your company today!
Use XBIZ RSS feeds to stay informed of the latest industry developments or as a content syndication tool for your website!