Vati-Con Scandal

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Vati-Con is the nickname given to a scandal involving Italian real estate developer Raffaello Follieri, who is accused of misappropriating a $50 million investment[1] from billionaire Ronald Burkle meant to buy up Roman Catholic churches in the United States.[2]

On July 15, 2008, Bishop Joseph Anthony Galante of the Diocese of Camden, New Jersey, was implicated in the scandal by a New York Post article titled "A Deal with the Devil" that revealed that Follieri had bought Galante's beach house for $400,000 in 2007 shortly after Galante began the study that resulted in his 2008 announcement to sell off half of the Diocese's church properties.[3] Following disclosure of the bishop's involvement in Vati-Con, the Council of Parishes of Southern New Jersey demanded "a complete halt to the Bishop’s planned church closure program".[citation needed] The Galante/Follieri beach house was put back on the market in 2008 and sold almost two years later for $310,000.[4]

On July 24, 2008, the New York Daily News reported that during a second raid of Follieri's apartment in New York City, the FBI had confiscated the private journals of Follieri's former girlfriend, American film actress Anne Hathaway, as part of their ongoing investigation into the scandal. Hathaway did not face any charges related to the scandal.[5]

In October 2008, Follieri pleaded guilty in Manhattan to the charges, and Federal Judge John Koeltl imposed a 4½ year prison sentence.[6] He was released on May 25, 2012, from a federal prison in Pennsylvania and immediately deported to his native Italy.[7]

References

  1. ↑ "Inside Story: Raffaello Follieri", New York Post, June 29, 2008
  2. ↑ "Catholic real estate bonanza", National Catholic Reporter, March 3, 2006
  3. ↑ "A Deal with the Devil", New York Post, July 18, 2008
  4. ↑ Zillow.com 749 W Oak Ave., North Wildwood NJ.
  5. ↑ FBI Grabs Anne Hathaway's diaries
  6. ↑ http://www.accesshollywood.com/anne-hathaways-ex-sentenced-to-54-months-in-prison_article_11841
  7. ↑ http://www.bop.gov/iloc2/InmateFinderServlet?Transaction=NameSearch&needingMoreList=false&FirstName=Raffaello&Middle=&LastName=Follieri&Race=U&Sex=U&Age=&x=0&y=0

External links

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