- Associated Press - Wednesday, May 23, 2012

LORETTO, PA. (AP) - An Italian ex-boyfriend of actress Anne Hathaway is about to be released from a Pennsylvania federal prison following a real-estate scam.

Federal Bureau of Prisons spokesman Chris Burke says Raffaello Follieri is scheduled to be released Friday from a prison in Loretto, 80 miles east of Pittsburgh.

Follieri pleaded guilty to cheating investors by falsely claiming he had Vatican connections that enabled him to buy church property at a discount. He was sentenced in 2008 to 4 1/2 years in prison.

Follieri agrees he owes more than $3.6 million to those he ripped off. The proceeds supported a playboy lifestyle that included a $37,000-a-month New York City apartment and lavish vacations with the star of “The Princess Diaries,” who dated him for four years.