Follieri 'Became Intoxicated' With Opulent Lifestyle
LATEST: ANNE HATHAWAY's ex-boyfriend RAFFAELLO FOLLIERI is urging a court to sentence him to three years in prison - just weeks after he was told to expect at least four years behind bars.
The Italian businessman pleaded guilty to conspiracy to commit wire fraud and money laundering in a Manhattan Federal court last month (Sep08).
He was told he could expect at least four years behind bars after entering a plea to each of the 14 counts against him.
According to the U.S. legal system, the maximum sentence for such charges is 25 years.
Follieri was arrested on 24 June (08) - shortly after his split from Hathaway - and accused of operating a scheme between 2005 and 2007 allowing him to purchase unwanted U.S. properties owned by the Catholic Church.
As part of his plea, Follieri admitted misappropriating at least $2.4 million (GBP1.3 million) of investor money, sending it to foreign personal bank accounts that were disguised as business accounts, and using the funds for his own expenses.
But Follieri's attorney insists he should be sentenced to a minimum sentence, because he got carried away with socialising with the world's wealthiest people.
His lawyer, Flora Edwards, claims Follieri "became intoxicated with it all" and was forced to find a way to finance his luxurious lifestyle.
The 30-year-old is expected to be sentenced on 23 October (08).