The Angel Wears Dior: Anne Hathaway in W Magazine

All hail Princess Anne! Gorgeous portrayal of the formerly mousy (and admittedly shy) teen actress in this month's W Magazine. Who knew? With a little help from Fairy Godmother Couture, it looks like the awkward duckling has blossomed into a modern day Audrey Hepburn.

The cover came at just the right time, after her major dufus of a boyfriend, Raffaello Follieri, got busted for being a fraud.

Gone are the yacht parties, the costume balls, and the $37,500-a-month Trump Tower apartment. The worst part? She had to hand over the (reportedly $200K+) jewelry given to her by Raffaello as he finalized his plea deal with prosecutors, including: two Rolex watches and a collection of rings, necklaces and bracelets. We're talking diamonds people.

Although she's been crashing on her parents' couch and presumably been on a diet of Ben and Jerry's topped with tears, Anne has presented herself with nothing but style and grace, and will emerge from this fiasco unscathed and very date-able.

Details about the Fraud case -- Follieri, 30, a smooth-talking Italian businessman who claimed to have friends in high places at the Vatican, is headed to prison after pleading guilty in a Manhattan real estate fraud case. He is accused of posing as the Vatican's representative to the U.S., telling investors that the Roman Catholic church would sell him property at a steep discount. Now why didn't I think of that?

He was so intent on carrying out the Vatican ruse that he kept ceremonial robes, including the robes of senior clergymen, in his Manhattan office, and made people wear it to meetings.

You wanna know what I think. This guy is going places. At age 30, he managed to become business partners with supermarket mogul Ron Burkle, friends of the Clintons, among many others, including a certain MAVERICK who celebrated his 70th birthday aboard a luxury yacht rented by Follieri and his movie star girlfriend - now who is dancing around the devil's fire with the damned Celebrities and the Elite?

Here is proof.

I'm just saying, with a little focus and rehabilitation, that boy is going to make a fine CEO one day and make a company like Enron or WorldCom very proud.