Money & Power

Brash Heir Lands In Rehab After Faking His Own Kidnapping

Fiat Heir Lapo Elkann allegedly concocted the scheme after a two-day drug bender with a transgender escort in New York City.
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Update: Lapo Elkann, the Fiat heir who allegedly faked his own kidnapping after a drug bender with a transgender prostitute in November, has reportedly entered a rehab facility.

Citing Italian sources, the New York Post reports that Elkann will be at the center, where he's cut off from outside contact, through his upcoming court appearance on January 25. He left to attend the funeral of Vogue Italia editor-in-chief Franca Sozzani in Portofino, Italy some weeks ago.

Photographs emerged of him looking forlorn with a Band-Aid on his forehead. A representative for Elkann told the Post: "Nothing to add or comment."

Original 11/29/16: Lapo Elkann, the 39-year-old grandson of former Fiat CEO Gianni Agnelli, faked his own kidnapping to try to secure a ransom payment of $10,000 to cover drugs he'd bought with a transgender escort in a New York City housing project over the weekend, according to authorities.

The brash heir allegedly called his family to say he was being held against his will, the New York Daily News reports. Elkann reportedly told his relatives a woman he was with would hurt him if they refused to pay a $10,000 ransom.

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Actually, police say, the freewheeling fashion icon, who is reportedly worth $800 million, flew into New York City on Thanksgiving and connected with a 29-year-old transgender escort who helped him find drugs. "The two soon holed themselves up inside a Manhattan public housing project ... where the two men allegedly started consuming alcohol, marijuana, and cocaine," the Daily Beastreports, citing a police source who identified the escort as male.

In an video he posted to Instagram the day before Thanksgiving, Elkann said, perhaps presciently, "I'll be seeing many interesting characters in the creative field and the entrepreneurial field in the next few days."


After two days, their money ran out and Elkann allegedly came up with the plan to get more cash. Elkann's relatives contacted the NYPD, who arranged a drop-off for the $10,000 ransom payment. When the escort and Elkann arrived to collect it, cops grabbed them. After they discovered the plan with Elkann's scheme, cops charged him with filing a false police report and issued him a desk appearance ticket. He is set to appear in a Manhattan court on January 25, and the arrest of his escort companion was "voided and sealed," according to the Daily Beast.

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The incident is not Elkann's first run-in with the law. He reportedly nearly died in 2005 from a cocaine and heroin binge while in the company of a 53-year-old transgender prostitute in Turin, Italy.

This story originally appeared on Townandcountrymag.com.
* Minor edits have been made by the Townandcountry.ph editors.

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