A 20-year-old son of a Swiss millionaire set fire to his Ferrari in hopes of using the insurance money to upgrade to a newer Ferrari. The $245,000 vehicle was one of 15, including a Lamborghini, which the 20-year-old’s father purchased for him.

A Swiss website 20 Minutes reported that the unnamed 20-year-old visited a dealership to trade in his car for a new model. His car was valued at $193,500, which wasn’t enough for a new Ferrari. It’s believed he was advised by the dealer that he would get more money for the car from insurance if it was destroyed.

He recruited and paid 3 accomplices $15,000 to set the car on fire across the border in Germany while he went to a local massage parlor as an alibi. However, his plan was bamboozled when security camera footage and intercepted phone calls led to a prompt arrest of all involved.

The 20-year-old was sentenced to 22 months of probation and fined over $32,000. The  accomplices were each sentenced to 14 to 16 months of probation.

The 20-year-old told the courts his funds had dried up and he didn’t want to tell his father he didn’t like the Ferrari.

To make you dislike this spoiled 20-year-old even more, his father gave him a property portfolio worth $30 million and he earns an allowance of  up to $10,000 a month.