Follieri, who spent nearly five years in a Pennsylvania prison for defrauding investors, said his well wishes will always be with Hathaway, reported Femalefirst.
"I want only the best for this person; she was very sweet to me. We had, I think, a very nice relationship. I don't have anything bad to say," he said.
Hathaway, 29, and Raffaello split prior to his 2008 arrest and have not spoken to each other since.
Follieri has now revealed that he knew that his relationship with Hathaway will end once the fraud allegations hit the news as the actress cut all ties with him to protect her good name in Hollywood.
"We were fighting a lot. The attacks in the media were putting her in a very difficult situation with her career. We talked about when we were going to see each other again. There was a planned party for me in Capri. She didn't tell me if she was coming or not. She (just) said, 'I'll love you forever'," said Follieri."
The 33-year-old said that he knew he lost Hathaway forever when she would not return his calls from behind bars.
"It was painful, but after, you accept," he added.
The businessman has since been released and deported to his native Italy while Hathaway got engaged to Shulman.