Spoiled Rich Kid Pays $30,000 to Light His Ferrari on Fire So He Can Get a New One

Spoiled Rich Kid Pays $30,000 to Light His Ferrari on Fire So He Can Get a New One
Riley Schatzle
August 11, 2015
The son of a Swiss millionaire decided that instead of working hard to earn the money to buy a new 2015 Ferrari 458 Italia, he would, instead, burn his old one in an elaborate scheme to get away with insurance fraud.
However, after some miscalculations, the son found himself and three of his accomplices in front of a judge who would decide their penalties and jail time.
According to the German publication 20 Minutes, the son’s sports car was initially bought for $245,000 three years ago but had since depreciated.
The 20-year-old had his 2012 Ferrari 458 Italia appraised back in March, but was told that his car wouldn’t sell at a high enough price to cover the cost of a new 2015 Ferrari 458 Italia.
Although the son owns the keys to 14 other cars, including a Lamborghini, and has a property portfolio worth an estimated $30 million, along with a $10,000 monthly allowance, a new Ferrari 458 Italia was still absolutely imperative.
Rather than asking his father for the money, or simply realizing that sometimes people can’t always get their way in life, the young man hatched a deceptive ploy to get his desired new car.
The 20-year-old hired three of his friends at $15,000 a piece and had them set his outdated car on fire.
They took the car to Augsburg (Bavaria), Germany, where the son parked the car in an industrial parking lot and met one of the three accomplices at a local massage parlor. A few moments after the two other accomplices set the sportscar on fire, the Ferrari exploded into a rage of flames and smoke.
While everything had gone according to plan, Bavarian authorities eventually tracked down the four criminals because their stunt happened to get caught on a surveillance camera.
After the the son and his friends were detained back in Augsburg, he reported to the courts that the salesman at the dealership was the one at fault because he had advised him to commit insurance fraud. Of course, he was not detained for long because he had the money to pay the bail, which was set at $220,000.
Although the prosecution asked for a sentence of a year and a half in prison, the court ruled that the son would be on probation for a year and 10 months. While the son had to pay an additional $32,000 fine, it seems that the consequences amounted to a relative mere slap on the wrist.
Source: Jalopnik
Share this Article
© 2024 NextShark, Inc. All rights reserved.