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December 2, 2008 8:31:52 PM CST



Hathaway's Ex Cops a Plea

Posted Sep 10, 08 1:22 PM CDT in Gossip Crime & Courts 

(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.

Source Reuters

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Heidi Klum's Annual Halloween Party   (Getty Images)
US actress Anne Hathaway and Raffaello Follieri arrive at a grand-gala ball on the occasion of Italian fashion designer Valentino 45th anniversary celebrations, in Rome, Saturday, July 7, 2007.   (AP Photo/Andrew Medichini)
Raffaello Follieri and Anne Hathaway in happier times.   (AP Photo/Alessandra Tarantino)
Follieri pleaded guilty today to spending millions from investors, much of it on his lavish lifestyle.   (AP Photo/Peter Kramer, file)
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