Con-man and former beau of Anne Hathaway, Raffaello Follieri pleaded guilty today to charges of wire fraud, money laundering and conspiracy. He’s facing at five years in prison and possible deportation. E! Online reports:
“I did not have investor authorization to use the money that way,” the 30-year-old Follieri stated after pleading guilty to all 14 counts stemming from his June 24 bust. “I knew what I did was wrong.”
Since the arrest, Follieri has been negotiating with prosecutors to reach a deal on a litany of charges. According to the authorities, the former boyfriend and now douchebag lied about Vatican ties in order to buy church properties well below their going rate only to flip them at a fast profit as well as diverting up to $6 million from investors to finance his.
