He is accused of falsely telling an investor that he had been appointed as the chief financial officer of the Vatican. Authorities say he claimed that, as a result of that connection, he and others could obtain properties of the Catholic church in the United States at a substantial discount to fair market value. The name of his attorney could not immediately be determined.
Italian businessman Follieri arrested in NYC
NEW YORK (AP) - June 24, 2008 Raffaello Follieri is due in Manhattan federal court on Tuesday.