It’s being reported that “Girls Gone Wild” founder Joe Francis fraudulently transferred the bankrupt company’s trademarks to an offshore company he owns, GGW’s Chapter 11 trustee told a California judge Wednesday in an emergency motion requesting access to the notorious company’s computer files.

Trustee Todd Neilson says he needs to review emails stored on computers and servers in the “Girls Gone Wild” offices immediately because the offshore company claims GGW’s license to use the “Girls Gone Wild” and “Guys Gone Wild” trademarks expires May 31.

more as the story develops