Raffaello Follieri, the former boyfriend of actress Anne Hathaway, was sentenced in Manhattan on Thursday by US District Judge John Koeltl to 54 months in prison for defrauding real estate investors. Follieri pleaded guilty in September to one count of conspiracy, eight counts of wire fraud and five counts of money laundering (earlier). He admitted soliciting more than $2 million from investors by falsely claiming that he had close connections with the Vatican that enabled him to purchase unwanted Catholic Church properties in the US at a substantial discount; instead he used the money to fund his lifestyle. Per the plea agreement, Koeltl ordered Follieri to forfeit over $2.4 million in cash plus expensive watches and other jewelry (Bloomberg, DOJ).
You must be logged in to post a comment.
No comments
Comments feed for this article
Trackback link: http://letterofapology.com/2008/10/24/raffaello-follieri-gets-54-months-in-prison-for-investment-fraud-scheme/trackback/