http://tags.gawker.com/assets/base/img/thumbs140x140/gawker.com.png http://gawker.com/tag/defamer/greatmomentsinmillionairetaxavoidancehistory http://gawker.com/tag/defamer/greatmomentsinmillionairetaxavoidancehistory The Wesley Snipes Totally Fucking Insane Tax-Avoidance Trial of the Century finally came to a close this afternoon in a Florida courtroom, where the Passenger 57 star and IRS Most Wanted Fading Action Hero was acquitted of federal tax-fraud and conspiracy charges, but was convicted of a lesser count of failing to file tax returns, a development that reduces his potential jail time from 16 to 3 years. His co-defendants, the renegade accountant and charismatic tax-protest-leader-cum-minister who will be portrayed by Paul Giamatti and Katt Williams (respectively) in the eventual, lightly fictionalized buddy-fugitive comedy based on this wild chapter of Snipes' life, were not so lucky, earning convictions on the aforementioned fraud and conspiracy charges.

• Snipes acquitted of tax fraud, conspiracy [CNN.com]

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