20 Year Old Son Caught Burning $245,000 Ferrari To The Ground So Dad Will Buy Him A New One

The 20-year-old son of a Swiss millionaire set fire to his $245,000 Ferrari car just so he could get an upgrade.

The car was one of 15, including a Lamborghini, which the 20-year-old's rich father had bought for him, reported 20 Minutes newspaper.

The son had also been given a property portfolio worth around $30 million and received around up to $10,000 a month from his father.

Despite this, he still wanted a newer car after getting the Ferrari 458 Italia valued.

The 20-year-old says he was advised by a car dealer to commit insurance fraud. He hatched a plan with friends to set fire to his car, but to cover his tracks decided to do so over the border in southern Germany.

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Car4Life - 8/10/2015 5:15:08 PM

+2 Boost

Disgusting, these is why I never understand when members on the forum bash certain athletes/artist for their splurge on high end products that they earned the right to do with their OWN SELF MADE MONEY.

The sickest part of this world is the kids who grow up around wealth and have no concept of what self-made really is. Some Call it affluenza but I just call it pure ignorance and laziness

MDarringer - 8/10/2015 5:23:28 PM

-6 Boost

If the dad is looking for a new son to give cars, money, and property to, I'm available.

TheSteve - 8/10/2015 7:55:17 PM

0 Boost

Dad should have talked with me before throwing piles of money and assets at his son. I would have told him: There are cheaper ways to make your son into an idiot.

MDarringer - 8/10/2015 9:20:37 PM

-4 Boost

@TheSteve

I could have been that kid in a heartbeat.

I was a poorer-than-poor 15-year-old car nut who came across a man 55 yrs older who was also a car nut. I could tell he appreciated my form and initially I would have sold my soul.

He never pushed.

I never offered.

I could have done dark things for cash, but I didn't.

We developed an "understanding" bond.

His friends also glommed onto the fan wagon, but I was able to keep things above board.

I could have fallen for their money, but instead I did not trust it.

Ironically, I now manage their wealth.

I still do not trust wealth.

It is the devil to me.

I am blue collar, but I wear Hugo Boss and Cole Haan.

#Bizarre.

I have wealth. I do not fear losing it, but it is as addictive as meth.

My wife grew up wealthy, but I know money is fleeting.

I'm the prepper/saver and she is the life-is-abundant spender. We talk. We listen.

The Walmart white trash in me wants to school that son for his entitled, criminal behavior.

My next company car--by the way--will be a Chrysler 200. The Genesis sold Sunday. Oh well.

balldoc54 - 8/10/2015 9:47:34 PM

+2 Boost

The worst and most disgusting part of this is that he only got 22 months of probation for insurance fraud where a regular joe who tried the same with a corolla would have a couple years of jail. Different laws for rich and poor

MDarringer - 8/10/2015 10:08:45 PM

-4 Boost

so true

Holydude - 9/29/2015 10:19:07 AM

+1 Boost

"Different laws for rich and poor" .. Yes, isn't it nice??