The youngest grandson to the legendary Gianni Agnelli and an heir to the automotive giant FIAT was arrested last weekend in New York City for faking his own kidnapping.

According to The Daily Beast,  39 year-old Lapo Elkann was in New York where he met an escort online. They both spent the next two days partying it up and according to un-named sources consumed plenty of alcohol, marijuana, and cocaine.

ftAfter running out of funds, Elkann then reportedly faked his own kidnapping, saying that a woman was holding him against his will and that he would be hurt unless his family paid a $10,000 ransom.

Elkann’s family reported this incident to the NYPD. The police set up a drop point location with the money and waited for the pick up. Shortly after, Elkonn and his escort showed up to retrieve the money and were arrested on site. Elkann was released, still on site, but was ordered to appear before a criminal court for arraignment.

Cops pounced once the two men arrived. Elkann was charged with filing a false police report, but was not taken into custody and instead given a desk appearance ticket, authorities said. In regards to his male companion, cops said that his arrest was voided and sealed. – The Daily Beast

This isn’t the first time Elkann has been in the news due to a negative spotlight. In 2005, Elkann almost died of an overdose shortly after his grandfather passed away and in 2013 he was robbed of $4.6 million worth of jewelry.

As of now Elkonn’s family have not commented on the incident.

*Updated – 12/4/16*

Things just aren’t looking up for FIAT heir Lapo Elkann. About a week ago Elkann was arrested in New York after staging his own kidnapping after he ran out of money due to a couple days drug and alcohol binge. His family has spoken out and have cut him off. According to Page Six, [Lapo] is not being supported financially by his family in his latest run-in with the law.

A police source said that the scion’s not being supported by his family after his arrest “because of his lifestyle: the drugs and hookers and stuff.

The source added of his rich-kid ruse, “He was pretending to be the kidnappers, using a different phone and texting his security guy while posing as the abductors saying, ‘We got him, drop the money at this location,’ et cetera.”

But “We [the police] just knew something wasn’t right. We could tell his story was made up. It just wasn’t making sense,” the source said.

As of right now Elkann is due for arraignment Jan. 25.

 

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