The handsome Italian's audacious scheme also allegedly involved hiring a nephew of the Vatican's ex-secretary of state and paying Catholic monsignors to dress in clerical garb of a higher rank to con people into believing he had the ear of top church leaders.
The federal criminal case against Follieri echoes claims made by his highest-profile alleged victim, billionaire California investor and Clinton buddy Ron Burkle.
Burkle filed a civil lawsuit against Follieri that was settled earlier this year.
Prosecutors suggested that the suave, sweet-talking Follieri may have stolen up to $6 million - mostly in funds Burkle had invested with him in a business venture to buy Catholic Church properties.
And we thought the worst thing that could happen to Burkle's money was if sweet-talking agents tried to take him on a ride!