It was the story that had everything: a beautiful Hollywood actress whose star was on the rise, a debonair Italian entrepreneur who purported to do both well and good, a former president and his billionaire buddy, a would-be president of the other party and, not least, Vatican intrigue.
Remember Raffaelo Follieri? Tonight CNBC premiers its documentary, part of its “American Greed” series, on the New York-based “real estate developer” whose business plan included buying up aging US parishes and converting them into “socially responsible” properties – such as day care centers and housing for the aged.
The promo for the show (a short advertisement for CNBC is, unfortunately, at the frontend of the clip) can be found here.
Turns out the business was a scam. Follieri, who once lived in the Trump Towers and maintained a Park Avenue office opposite the Waldorf Astoria, now resides in Federal prison.
Oh, but what a scam!