ET confirms that Anne Hathaway's ex Raffaello Follieri plead guilty today to one count of conspiring to commit wire fraud, eight counts of wire fraud, and five counts of money laundering.

According to the United States Attorney of the Southern District of New York, Follieri, who dated Hathaway for several years, ran a fraudulent real estate investment scheme and frequently and falsely claimed that the Vatican had appointed him to be its Chief Financial Officer and that he met with the Pope when he visited Rome. But that in reality, his connections consisted of an administrative employee at the Vatican who he secretly paid with investor funds, authorities said.

The States Attorney goes on to say that, "based on these and other fraudulent representations, Follieri misappropriated over $2 million in investor money which he used to finance a lavish, jet-setting lifestyle."

Due to his guilty plea, Follieri faces a maximum sentence of 265 years in prison.