Talk about having money to burn.
The wealthy son of a Swiss millionaire was sentenced to two years probation and a $33,000 fine after he torched his Ferrari 458 so that he could use the insurance money to buy the latest model year.
The Ferrari was one of 15 luxury sports cars that the 20-year-old owns. The Ferrari was a gift from his father, and he told a judge he was afraid of asking his dad to buy him a new one.
Cost of a replacement runs in the neighborhood of $310,000, according to Sky News.
The young man arranged to get a massage as an alibi, then had some arsonists drive the car to Germany and set fire to it in an industrial lot.
Authorities weren't fooled by the plot, and traced the arson back to him through phone records and surveillance video.
His accomplices were sentenced to probations of between 14 and 16 months each.
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