Wednesday, September 10, 2008

Update on Anne Hathaway’s Ex Plea Deal

We posted two months ago that Raffaello Follieri, Anne Hathaway’s ex, was being charged with conspiracy, wire fraud, and money laundering because of a scheme in which he led potential investors to believe that he had close connections to the Vatican, which enabled him to purchase the Catholic Church’s unwanted real estate properties in the US at bargain prices. The Wall Street Journal reports in this article that Follieri is nearing an agreement to plead guilty to the money laundering charges in which he could possibly serve up to five years in prison.

In addition to crimincal charges, Follieri is being sued by Burkle’s Yucaipa investment operation for charges of misappropriating more than $1.3 million from their real-estate ventures to fund his private jets and lavish lifestyle.

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