Ex-Strip Club Owner Guilty of Tax Evasion
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The former owner of a Lake Forest strip club was convicted this week of tax evasion for allegedly skimming $700,000 in cash from dancers’ tips between 1992 and 1994.
Mark Bailey, 52, of Cabo San Lucas, Mexico, was an executive of a company that operated Captain Creams, an exotic dance club. Prosecutors accused him of taking the cash from strippers and not declaring it as company income. He used some of the money to open a club in Century City, authorities said.
While attempting to start an exotic club in Corona, Bailey allegedly gave $310,000 in cash to his former lawyer to place in a safe deposit box. The lawyer then used the cash to pay bills.
Bailey, a former Laguna Niguel resident, was convicted Wednesday in Los Angeles federal court.
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