Phew! Now she has the perfect excuse to dump, and get that new boyfriend she has been eyeing for 4 years.

Italian businessman Raffaello Follieri, 30, who dated The Devil
Wears Prada star (Anne Hathaway) for four years, is headed to prison after admitting 14
counts of wire fraud, money laundering and conspiracy during a hearing
in New York.

The entrepreneur, who was dumped by Hathaway
shortly before his June arrest by the FBI, entered his plea as part of
a deal with prosecutors to avoid a trial and get a lighter sentence. He
agreed not to appeal any prison term of up to five years and three

Hathaway Ex

Prosecutors have accused the Italian of posing as the Vatican’s
representative to the US and promising investors big discounts on
property belonging to the Roman Catholic church.

But instead of
spending investors’ money on church property, he funnelled it overseas
to personal bank accounts and used it to fund “a lavish lifestyle” with
his celebrity girlfriend involving private jets and an opulent
Manhattan penthouse, prosecutors said. Hathaway has not been accused of
any wrongdoing.

As part of his plea, Follieri admitted
misappropriating at least $2.4 million of investors’ money. A
forfeiture order requires him to give back the money in cash as well as
jewellery, watches and other valuables recovered from an “individual”