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After pleading guilty to two misdemeanor counts of filing false tax returns, a judge in Los Angeles has sentenced Joe Francis to time served, meaning he won't spend any more time in jail.

Francis already served a year in prison for felony tax evasion after his CFO, Michael Barrett called the authorities on Francis for what Joe claims was an attempt to cover Barrett's own attempt to defraud Girls Gone Wild out of millions.

Between this resolution and the fact that the LA DA won't be pursuing criminal charges against him for the alleged Jayde beat-down, this means Francis is a free man!