Anne Hathaway's Ex Is In Over His Head

By Charlie Brett
15:49, June 26th 2008
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Anne Hathaway's Ex Is In Over His Head

Ups and downs for actress Anne Hathaway. And only downs for her ex boyfriend Raffaello Follieri who was charged with fraud and money laundering, after being arrested on Tuesday.

According to the Associated Press, the Italian businessman was posing as a representative of the Vatican and was claiming he could obtain properties of the Catholic Church, worth millions of dollars. Follieri went further and claimed he made visits to the pope, every time he was in Rome.

The truth came out and, while Folierri was planning his birthday, federal agents “surprised” him by coming to his Trump Tower apartment and arresting him. Earlier this month he and Hathaway had separated after about 4 years of relationship. The actress was not being investigated and was no longer a member of his ex’s foundation.

Prosecutor Reed Michael Brodsky said that Folierri was fooling investors to give their money. The schemes were discovered when the principal investor sought an audit of the partnership and wanted explanations regarding some expenses that had nothing to do with the business itself.

Judge Henry B. Pitman set bail at $21 million. $16 million can be paid in cash or by liquid assets and properties. Follieri was also asked to give all his travel documents and was confined to his Manhattan home, being monitored by an electronic device. He is allowed to leave the house only for legal, religious and medical needs.

The complaint had evidence that Follieri, the chairman and chief executive of the Follieri Group, said that the Vatican had appointed him to take care of its financial affairs. The government said otherwise, adding that Follieri was simply competing against other bidders.

Follieri came to the U.S. in 2003 and made his way to the top. He became friends with Douglas Band, a top aide to Bill Clinton and was introduced to Ron Burkle, the main investors of his foundation.

Burkle’s company Yucaipa put more than $55 million in the Follieri Group. The company sued Follieri last year and the lawsuit was settled last month.

Tuesday, after appearing in court, Follieri suffered “an attack” because of a sinus infection and was taken to a hospital, said his publicist Melanie Bonvicino, according to The Associated Press.



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