An Italian businessman once romantically-linked to actress Anne Hathaway was arrested today on charges he duped investors in a real estate scheme.
Manhattan prosecutors say Raffaello Follieri portrayed himself as being the Vatican's representative in the United States, and used that status to obtain real estate at below-market prices, as well as money from investors, including millions from a California based equity firm.
He then allegedly spent the money on private flights and extravagant gifts for friends and family.
