Printed from BusinessInsurance.com

Man burned by sports car scam

Posted On: Aug. 13, 2015 12:00 AM CST

A Swiss 20-year-old is getting a crash course in insurance fraud after allegedly setting fire to a car he wanted to upgrade.

The catch is the intolerably lame vehicle was a roughly $250,000 Ferrari 458 Italia from his father that the young man had grown tired of, according to European media reports.

The well-kept son of a Zurich businessman had allegedly been disappointed to learn from a Ferrari dealership last year that his clunker was not worth enough to trade in for a newer model.

That didn’t stop the enterprising youth from recruiting three accomplices to take the car across the border to Germany, where it was torched in an attempt to collect an insurance settlement. Security cameras and phone records foiled the caper, and all four culprits faced a German court this month.

The 20-year-old reportedly was sentenced to 22 months of probation and a fine of $33,000, while the rest of the nascent crime syndicate received probations between 14 and 16 months each, according to reports.

But the worse punishment may be that daddy now knows his son didn’t appreciate the Ferrari.