Hathaway's Ex Cops a Plea
Admits laundered money used to fund his lavish lifestyle
By Ambreen Ali,  Newser User
Posted Sep 10, 2008 1:22 PM CDT
Heidi Klum's Annual Halloween Party   (Getty Images)
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(Newser) – Wearing prison attire, Raffaelo Follieri pleaded guilty today to 14 federal counts of fraud and money laundering, Reuters reports. "I knew what I was doing was wrong," actress Anne Hathaway's ex said as he admitted misrepresenting his ties to the Vatican and using investors' money to fund his high-rolling lifestyle. He faces 20 years in prison, but the plea deal, which averts a trial, will likely lessen that.