Raffaello Follieri, an Italian businessman who's well known as the longtime boyfriend of Hollywood movie actress , was arrested on Tuesday, June 24 for fraud, money laundering and conspiracy to commit wire fraud. The multimillionaire real estate developer appeared in court later that day and was placed under home detention, with an electronic monitoring device and may only leave his apartment for legal, medical or religious reasons. His bail is set for $21 million.
Follieri is accused of falsely telling an investor that he had been appointed as the chief financial officer of the Vatican with the intention to obtain properties of the Catholic church in the United States at a substantial discount to fair market value. Worse, he and other suspected investors were also accused to have spent up to $6 million from investors, much of it on a lavish lifestyle, including privately chartered jet travel with his then girlfriend Hathaway and others, expensive meals and clothing and a posh Manhattan apartment.