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SI Model May Become Hottest Woman Ever Jailed

11/5/2008 5:00 AM PST BY TMZ STAFF

An orange jumpsuit is a lot more material than Valeria Mazza is used to wearing -- but that's exactly what the former Sports Illustrated swimsuit model may be zipped into soon enough.

Valeria and her husband, Alejandro Gravier, are under investigation by the AFIP -- Argentina's version of the IRS -- for allegedly swindling the gub'ment out of what translates to nearly $2 million in unpaid taxes, according to Mercopress.com.

The couple, who have four kids, got into this mess by allegedly considering things like Jaguar payments and vacations to ski resorts as tax deductible.

If Maaza's convicted, there will finally be a reason to break into jail.

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