A rough translation from an Italian news story from last September:
The father Pasquale is already under trial, accused of having illegally appropriated almost a half a billion lire when he was the judicial administrator of a private company in a tourist development. The trial finished in April 2005 with the Pasquale being sentenced to three years in prison and blocked forever from serving in public office.
The father and son team of Catholic property sharks caught the attention of the media, and the younger Follieri's world began to unravel. Today's charges may be the first step towards following his father into prison.
The main beneficiary of this whole mess: former Gawker writer Josh Stein, who has a big story coming up in Page Six Magazine about Follieri. He's been working on it for a while, and he couldn't have timed it better.