Connect with us

Hi, what are you looking for?

Jewish Business News


Fiat Heir Lapo Elkann Faked Own Kidnapping for a Lousy $10, 000


Lapo Elkann, heir to the Fiat fortune, was arrested in New York City for faking his own kidnapping. How much did he ask for ?– $10, 000.

That’s right! A lousy 10 grand. We can’t make this stuff up.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

The 39 year old Lapo Elkann is the grandson of of Giovanni “Gianni” Agnelli, the founder of Italian automobile manufacturer Fiat, on his mother’s side. His father Alain Elkann is Jewish.

So what happened? Elkann flew into New York last Thursday and proceeded to order the services a a male prostitute. He and the 29 year old escort then spent the weekend partying and binging on cocaine, reports indicate. At a certain point he ran out of money.

So what is an overgrown aging man-boy trust fund millionaire to do when he needs more cash in a pinch, but can’t just ask mommy and daddy for it? Why he fakes his own kidnapping, of course.

According to the NY Daily News after the fake ransom demand was made, Elkann’s family contacted the NYPD. Officers the 13th Precinct went to the ransom drop off point where they found Lapo Elkann and the male escort. The two were taken into custody and charged with making a false report of a criminal incident and issued a desk appearance ticket.

This is not the first time that Lapo Elkann was caught with his pants down. In 2005 he overdosed on cocaine while also partying with a male prostitute.



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.