Feds give up on collecting money from former Lubbock strip club - KCBD NewsChannel 11 Lubbock

Feds give up on collecting money from former Lubbock strip club

Although it has the same name, and the same location, the Players Club that opened in 2008 is not the same business as the original Players Although it has the same name, and the same location, the Players Club that opened in 2008 is not the same business as the original Players
LUBBOCK, TX (KCBD) -

If you have lived in Lubbock long enough, you remember the old Players Gentlemen's Club at 35th and Avenue Q.  A new business by that same name opened in that same location in 2008, but it is not the original Players, which was Lubbock's only topless club until it changed ownership and eventually shut down.  

Last week the federal government gave up on its efforts to collect back-taxes from B.J.C. Interest Inc, doing business as Players Club.  In 1997, Players was ordered to pay $1,337,624.00.  Over the years that amount was compounded with interest and it became $2,509,329.79.  

Club owners Bob Jordan and Jim Bob Jackson were both sentenced to federal prison time back in 1997 in addition to paying more than $350,000 in back-taxes.  

B.J.C. Interest forfeited its existence in 2002.  Court records filed last week say, "A recent financial review did not reveal any assets or new information to indicate the business is active."  

Those same court records say the federal government can write off the debt for "administrative efficacy."

Copyright 2011 KCBD NewsChannel 11.  All rights reserved.

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