The Italian businessman was jailed for four-and-a-half years in December 2008 after pleading guilty to 14 counts of wire fraud, conspiracy and money laundering.
The Hollywood actress, who dumped Follieri shortly before his arrest, was forced to hand over all the expensive gifts he had lavished on her during their four-year relationship for prosecutors to use as evidence in the case.
The items, including Rolex watches, a five-strand pearl necklace and two rings, have raised thousands of dollars so far at the U.S. Marshals Service auction, with a pair of Hathaway’s diamond earrings among the most sought after lots, fetching $3,026 (£2,017), according to the New York Post.
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