As the story goes, Schmidt was busted by FBI agents in July after Cruise claimed the former Valley PR flack offered to not publish a series of stolen wedding photographs from TomKat's 2006 marriage in exchange for more than $1 million. The actor called in the G-men. This isn't the first time that Schmidt, who's built a career out of peddling celebrity sex tapes and helping fame whores like Tonya Harding get naked in skin rags like Playboy, has approached celebrities and offered to disappear some embarrassing material. Nor is it the first time he's seen the inside of a jail cell, as Schmidt did several stints in state and Maricopa County lockups for (among other charges) aggravated harassment of an ex-girlfriend over their children. This just in: In August, Schmidt entered in to a plea agreement, and now faces two years in the pen and a $250,000 fine. Let's just hope that this time, we won't be hearing about him for a long, long time.