Last Minute Portal

An Italian businessman who once dated actress Anne Hathaway was arrested Tuesday on charges he posed as a representative of the Vatican to fleece wealthy investors in a real estate company that sought to buy and redevelop Roman Catholic Church property.

Bail was set at $21 million for Raffaello Follieri. Federal prosecutors said they have 'overwhelming' evidence that he improperly spent up to $6 million from investors, much of it on a lavish lifestyle, including privately chartered jet travel with his girlfriend and others, expensive meals and clothing and a posh Manhattan apartment.