Spoiled Rich Kid Sets His Ferrari On Fire Because He Wanted A New One
This spoiled rich kid sets his Ferrari on fire because he just wanted a new one.
He deliberately set fire to his £150,000 Ferrari 458 Italia because he wanted a new car. His plan was to claim a brand new supercar on his insurance.
Luckily for the car lovers, the kid has been convicted of deliberately setting his car on fire.
Who is this guy?
Because of the privacy reasons we don’t know his real name, let’s just call him J, okay?
‘J’ lives part-time in Augsburg, Germany and is the son of a Swiss multi-millionaire. Apart from the Ferrari 458 Italia, the kid owns 15 other vehicles, including a Lamborghini.
Why did he set the Ferrari on fire?
It’s simple, people believe that the 20-year-old has become bored with his Ferrari and came up with a plan to get the latest model.
Because he wanted to create a strong alibi, ‘J’ went to a massage parlor in Augsburg accompanied by a friend, and left his accomplices to set the car on fire. Each accomplice was paid £9,780 for their assistance.
Did they get caught?
Because the vehicle was valued at £123,890, way less than he had hoped, the young man was advised by a local car dealer to commit insurance fraud.
Then the pair plotted together to commit the crime, and the dealer was the one who recruited an accomplice from his garage to help.
But they didn’t take into consideration the security cameras that recorded the entire scene and the guys from the insurance company knew that something wasn’t right.
After the CCTV footage and phone records were checked, the plotters were eventually arrested when they had returned to Switzerland.
The judge from Augsburg decided, at a court hearing, to sentence the man to 22 months-probation and a fine of £20,865, while his accomplices received probation between 14 and 16 months each.
During the trial the young man told the court that at the time, he was low on cash but did not have the courage to tell his father that he had become bored with the Ferrari.
The rich father of the Ferrari owner paid his son’s bail, which was set at £140,200. And the pays kept coming; during the trial ‘J’ revealed he still received an allowance between £3,260 and £6,520 a month from his father.
All this because the kid had a 2011 Ferrari 458 Italia and wanted a 2014 Ferrari 458 Italia.
We loved the story so much we even featured it on our second episode of Last Week in Luxury, a luxury news show that we offer for free on youtube:
How far can the actions of the spoiled rich kids go? How the rich kids are spending their summer vacation?