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Fiat Heir Arrested, Charged with Faking Own Kidnapping

Fashion designer and entrepreneur faces January trial.

by on Nov.29, 2016

Lapo Elkann is the grandson of the late Gianni Agnelli and brother of FCA Chairman John Elkann.

Italian fashion designer and industrial heir Lapo Elkann has been arrested by New York police for allegedly faking his own kidnapping.

The 39-year-old reportedly ran out of money, according to initial news reports, possibly due to involvement with an escort. Authorities were called to a housing complex on New York’s East Side after being told Elkann was being held against his will. They subsequently determined the claim was false.

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Lapo Elkann is the brother of John Elkann, currently the chairman of Fiat Chrysler Automobiles. He is the grandson of the late Giovanni Agnelli, who turned his family’s holdings into one of Italy’s most powerful industrial enterprises after World War II. That included Fiat SpA, the automaker that took control of Chrysler after the American firm’s 2010 bankruptcy.