Hathaway's Ex-Boyfriend Faces Sentencing

On Thursday, Raffaello Follieri, former boyfriend of actress Anne Hathaway, is due in federal court for sentencing. He faces a prison term of less than four months after he was arrested for fraud.

Reuters reports that in court documents filed Monday, prosecutors said their criminal investigation determined Mr. Burkle's Yucaipa, the New York State Common Retirement Fund, the California Public Employees' Retirement Fund, and the California Teachers' Retirement Fund, or Calsters, were among Mr. Follieri's victims. Follieri pleaded guilty last month to conspiracy, wire fraud, and money laundering charges. As part of his plea, Mr. Follieri agreed to forfeit $2.44 million, plus recovered watches and jewelry.

Prosecutors would like to see Follieri serve more than five years in prison. This week they said in court papers he had been motivated by greed as he "shamelessly" misled investors and church officials, including having two monsignors travel with him on some money-seeking quests.

Follieri's "deeply religious" faith and values were cited as reasons he should receive a lesser sentence, as well to speed up his deportation back to Italy to tend to an aging, sick mother.

By the time of his arrest, prosecutors said, after successfully creating shell companies with overseas bank accounts, he had extended his scheme as far as Brazil and had started a similar scheme in Europe.