Raffaello Follieri was arrested for federal wire fraud conspiracy and money laundering charges.

Raffaello Follieri is due in Manhattan federal court on Tuesday, accused of lying to an investor, and for claiming he had been appointed the chief financial officer of the Vatican. Police say investors were duped into believing Follieri’s fake Vatican connection, which he said allowed him to buy properties owned by the Catholic church in the U.S. at a way cheaper rate.

It’s a good thing Anne Hathaway dumped him recently.

Breakdown of the Charges

• Six counts of wire fraud and each count carries a maximum sentence of 20 years in prison.
• Five counts of money laundering and each count also carries a max of 20 years in jail.
• One count of conspiracy to commit wire fraud, which carries a maximum penalty of 5 years behind bars.

Anne Hathaway finally dumped Raffaello Follieri. His business dealings were under investigation a while ago, and Anne is rumored to have bailed him out financially. Recently, Follieri became the focus of another investigation. A source said:

"It’s heartbreaking for her to dump him, and she’s devastated that it’s come to this, but she really didn’t have a choice. His scandals were hurting her reputation."

She likes the bad boys. Anne can do a lot better.

Raffaello Follieri (29), who has been dating Anne Hathaway (25) since 2004, wrote a check for $215,000 which bounced, so he was arrested. The Manhattan District Attorney’s office has declined to prosecute Raffaello, saying he was cleared because he fully reimbursed John Morrongiello for the $215,000 check Follieri wrote him, and Morrongiello, of Colts Neck, N.J., no longer wishes to pursue the case.

Anne must have bailed him out. Nothing wrong with that. Everyone has difficulties with money at some point.