Fiat Heir Allegedly Faked His Own Kidnapping to Pay for Thanksgiving Weekend Drug Binge

Matt Posky
by Matt Posky
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fiat heir allegedly faked his own kidnapping to pay for thanksgiving weekend drug

Fiat heir Lapo Elkann, 39, allegedly faked his own kidnapping during a Thanksgiving weekend bender in order to get ransom money to pay for the drug binge. Elkann, the grandson of the late Fiat Automobiles patriarch Gianni Agnelli, was taken into custody by the NYPD and charged for falsely reporting the incident.

The New York Daily News claims that Elkan, the brother of FCA Chairman John Elkann, spent most of the holiday in a Manhattan housing project enjoying a multi-day drug marathon. The Italian heir flew into New York on Thursday and reportedly called a number of escort services in the city before settling upon a 29-year-old transgender woman who had contacts to get marijuana and cocaine.

According to sources, the escort paid for additional drugs, and Elkann agreed to pay her back. The cash-strapped millionaire then attempted to get his hands on $10,000 by allegedly contacting his family, claiming he had been kidnapped by the escort. A family representative contacted local authorities and arranged a meeting for the exchange. However, when both Elkann and the escort appeared at the drop-off location, police brought them in for questioning.

An NYPD spokesperson said that Elkann eventually filed a report, leading to the arrest of 29-year-old Curtis McKinstry on a charge of grand larceny by extortion. Further investigation of the matter resulted in the charges against McKinstry being dropped. Police then charged Elkann with a misdemeanor for falsely reporting an incident.

A day before departing for New York, Elkann posted a video on his Instagram account in which he claims, “I’ll be seeing many interesting characters in the creative field and in the entrepreneurial field in the next few days.” He also posted during the weekend’s stay-in spree, including an interior shot of the Lamborghini Miura and a photo of Steve McQueen, where he wrote, “ Speed is Everything never Stop.”

Elkann had a highly publicized near-death overdose in 2005 in the Turin apartment of a transgender prostitute. However, recent pieces in Vanity Fair and Forbes covered how well he had bounced back, creating the Italia Independent sunglasses brand and his Independent Ideas advertising firm.

[Image: Lapo Elkann/ Instagram]

Matt Posky
Matt Posky

Consumer advocate tracking industry trends, regulation, and the bitter-sweet nature of modern automotive tech. Research focused and gut driven.

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2 of 84 comments
  • NeilM NeilM on Dec 01, 2016

    I don't know that there's any good time to concoct a fake kidnapping story, but I'm for damn sure that when you're shacked up with hookers and wasted out of your head on drugs, it's a really bad time for it.

  • MRF 95 T-Bird MRF 95 T-Bird on Dec 01, 2016

    So thats why Fiat ranks near the uh, bottom of reliability and quality rankings.

  • RHD This looks like a lead balloon. You could buy a fantastic classic car for a hundred grand, or a Mercedes depreciationmobile. There isn't much reason to consider this over many other excellent vehicles that cost less. It's probably fast, but nothing else about it is in the least bit outstanding, except for the balance owed on the financing.
  • Jeff A bread van worthy of praise by Tassos.
  • Jeff The car itself is in really good shape and it is worth the money. It has lots of life left in it and can easily go over 200k.
  • IBx1 Awww my first comment got deletedTake your “millennial anti theft device” trope and wake up to the fact that we’re the only ones keeping manuals around.
  • ToolGuy "Images © 2023 Tim Healey/TTAC; Mercedes-Benz"• I bet I can tell you which is which.