Anne Hathaway’s break-up with her Italian flame Raffaello Follieri may have been  timed too conveniently. Friends of the ex-couple are now pointing fingers at Anne for outing out Follieri and turning him in to authorities for all of his alleged fraudulent business dealings.

A source tells the New York Daily News:

“It makes sense. She’s referred to as his former girlfriend in the indictment even though her spokesman never confirmed they broke up. I think that in return for her cooperation, the feds held off on arresting Follieri until she was out of the country.”A spokesperson for Hathaway has declined to comment on Follieri’s legal troubles.
The 29-year-old remains behind bars until he can post $21 million bail.
A status hearing for Follieri has been set for next month (July).

Anne Hathaway looked superb on the red carpet for her new summer comedy “Get Smart” Monday night in Westwood. Maybe it wasn’t just her natural good looks or her beautiful strapless silver dress but a new weight off of her shoulders…such as her boyfriend of four years Raffaello Follieri. He may sound dreamy (and sure, easy on the eyes) but the Italian businessman , who along with Hathaway had strayed far from the tabloids during most of their relationship, has made blimps in the press with his recent legal troubles with the New York State Government.

According to one of People Magazine’s sources for the story on their split (click here for their report), the couple are very much on-again and off-again, but no matter if Hathaway goes back to her Italian prince, finds a new place to leave her Prada heels, or lives up the single life again, let’s here it for an actress with a truly budding career and *shock* poise.

Hathaway has recently been in New York City shooting “Bride Wars” with tabloid fixture Kate Hudson and Hudson would be wise to bend her co-star’s ear for a little advice on the subject.

New York State General’s Office is investigation the Follieri Foundation, a foundation run by Anne Hathaway’s boyfriend of 3 years, Raffaello Follieri, that helps fund vaccines for impoverished children in the Third World, per the organization’s website.

Hathaway has done outreach work for the organization as well as sat on the board of directors up until sometime last year.

The exact nature of the inquiry is currently unknown. The Attorney General’s Office has confirmed that it issued subpoenas for various financial records.

“Since she is no longer associated with the foundation, why would you expect her to be familiar with all of this?” the actress’ rep tole the New York Post when asked about Hathaway’s knowledge of the investigation.

A rep for Follieri said the 29-year-old businessman “looks forward to concluding this matter in a timely and expeditious manner…so that he may continue to fulfill his ongoing philanthropic endeavors worldwide.”

“Raffaello Follieri and his attorney, Cyrus Vance [Jr.], have been cooperating fully with the Attorney General’s Office to satisfy their routine inquiry,” the rep said.

This is Follieri’s second time being investigated. He was cited in April for bouncing a $215,000 check to an associate. Criminal charges were dropped after he turned himself in to the NYPD and made arrangements to settle the debt.

He was also ordered to pay $240,000 to a Washington, D.C.-based public relations firm that repped him while he was fighting a lawsuit brought by real-estate magnate Ron Burkle, who accused Follieri of misusing at least $1.3 million of $55 million that was supposed to be put toward a joint property venture.

In the suit, Burkle alleged Follieri had racked up inappropriate expenses for, among other things, “excessive use and inappropriate private jet travel for Follieri, his actress girlfriend and his father.”

The two sides settled earlier this year.

on the red carpet with: Anne Hathaway, Cameron Diaz, George Clooney, Harrison Ford, Heidi Klum, Helen Miran, Hillary Swank, Jennifer Garner, Jennifer Hudson, Jessica Alba, John McAvoy, Johnny Depp, Kate Blanchett, Katherine Heigl, Keith Urban, Miley Cyrus, Nicole Kidman, Penelope Cruz, red carpet, Renee Zellweger

In March’s 2008 issue of Vanity Fair which hits stands nation wide Feb. 12, the 10 young stars gracing the cover are Ellen Page (Juno),20; America Ferrera (Ugly Betty), 23; Emily Blunt (The Devil Wears Prada), 24; Amy Adams (Enchanted), 33; Jessica Biel (I Now Pronounce You Chuck & Larry), 25; Anne Hathaway (The Devil Wears Prada), 25; Alice Braga (I Am Legend), 24; Zoe Saldana (Vantage Point), 29; Elizabeth Banks (The 40 Year Old Virgin), 33; and Ginnifer Goodwin (Big Love), 29.

This cover, was shot in two settings: the four on the cover with the Vanity Fair logo together, and then the remaining six. Clothing from Dior by John Galliano was designed exclusively for the shoot.Every year we get to see photographer Annie Leibovit’s vision of hollywood’s “it” celebs in Vanity Fair’s hollywood issue. This year the theme is fresh faces of hollywood featuring 10 young, beautiful talented women.