Thursday, October 23, 2008

Breaking News : Raffaello Follieri Gets Smacked With 54 Months!

Anne Jacqueline Hathaway (born November 12, 1982) is a American actress. She made her acting debut in the 1999 television series Get Real, but her first prominent role was in Disney's family comedy The Princess Diaries (2001) starring opposite Julie Andrews, which established her career.
In 2004, Hathaway began a relationship with Italian real estate developer Raffaello Follieri. During their relationship, Hathaway took part in the development of the charitable Follieri Foundation, serving as a financial donor as well as a member of the foundation's board of directors until 2007.A Manhattan-based charity founded in 2003 focusing on programs such as providing vaccinations for children in Third-World nations, the organization had come under investigation in early June 2008 by the IRS, reportedly for failing to file tax papers required from non-profit organizations.Citing the fear that this and other ongoing legal issues involving Follieri would become detrimental to her acting career, as well as for her own ethical reasons, Hathaway ended her relationship with Follieri in mid-June 2008.
Follieri was arrested in June 2008 on fraud charges for allegedly fleecing investors out of millions of dollars in a scheme involving purchasing Catholic properties in the U.S. for re-development. Court papers state that Hathaway was an unwitting beneficiary of the stolen money which had in large part paid for Follieri's opulent lifestyle of jet-setting, shopping sprees and fine dining.It was reported that the FBI had confiscated Hathaway's private journals from Follieri's New York City apartment as part of their ongoing investigation into Follieri's activities,although Hathaway was not implicated in any wrongdoing from the events.
Breaking News : Raffaello Follieri Gets Smacked With 54 Months!

Anne Hathaway's former boyfriend was sentenced Thursday to 4 1/2 years in prison for cheating investors of millions of dollars by claiming he had Vatican connections that enabled him to buy Roman Catholic Church property at a discount.
''I dishonored my family name and embarrassed the church I love. I'll never be able to wash away that stain, and I will have to live with it the rest of my life,'' Raffaello Follieri, 30, said through an Italian interpreter before he was sentenced. ''I just hope someday those who have been hurt by my actions can forgive me.''
U.S. District Judge John G. Koeltl said Follieri had engaged in a significant fraud that hurt investors, will financially ruin him and will cause him to be deported after his prison term. The judge also cited Follieri's ''lavish personal expenditures,'' which prosecutors have said were financed with his investors' money.
Follieri said he started off with good intentions, determined to run an honorable business.
''Instead, I made some terrible mistakes,'' he said. ''I always thought I could repair the wrongdoing, but I was wrong.''
But Assistant U.S. Attorney Reed Brodsky said Follieri had lied about his education, his background, his wealth and his Vatican connections from the moment he solicited investors through his real estate business, the Follieri Group.
Those investors included Yucaipa Cos., which is controlled by supermarket billionaire Ron Burkle, a close friend of former President Clinton.
Follieri agreed to forfeit $2.4 million when he pleaded guilty last month to conspiracy to commit wire fraud and money laundering.
Koeltl ordered Follieri Thursday to forfeit 15 watches and other precious metals and jewelry. The judge said he would impose a substantial amount of restitution at a future date.
Prosecutors have said Follieri falsely claimed he was the Vatican's chief financial officer and showed at least one business contact a phony letter Pope John Paul II purportedly wrote to him in 2002.
Follieri spent millions of dollars of investors' money on personal expenses, including flowers, cosmetics, clothes, wine, expensive dinners, dog-walking services, yacht rentals, a $37,000-a-month Manhattan condo and vacations for himself, his parents and Hathaway, prosecutors said.
They said he even he used $18,200 of investors' cash to settle a lawsuit over expenses he ran up on vacation with the ''Get Smart'' and ''The Devil Wears Prada'' star. The two dated for four years, until shortly before his arrest in June.
Defense lawyer Flora Edwards has pinned Follieri's troubles on his acquaintances with movie stars and celebrities, saying in court papers that he ''became intoxicated with it all.''
''Unfortunately, he lacked the resources to maintain the opulent lifestyle of his new friends,'' she wrote.
Edwards asked that Follieri be sentenced to three years in prison, even though he had agreed to serve at least four years and three months when he entered his guilty plea.
She noted that more than 100 letters had been written on his behalf, and she said his charitable acts and a gravely ill mother were reasons to lighten his sentence.
But Brodsky argued that Follieri made his charitable contributions with money he had stolen from investors and lied about his intentions almost from the moment he arrived in the United States six years ago.
Breaking News : Raffaello Follieri Gets Smacked With 54 Months!

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