FILE- In this Sept. 5, 2015 file photo, Italian entrepreneur Lapo Elkann smokes prior to the start of the third practice session for Sunday's Formula One Italian Grand Prix, at the Monza racetrack, Italy. Police in New York City say the grandson of the Italian founder of Fiat Automobiles was arrested on Saturday, Nov. 26, 2016, after falsely claiming an escort held him against his will. (AP Photo/Luca Bruno, File) ORG XMIT: NYR106

ROME — One of Italy’s most celebrated playboys has been arrested in New York after allegedly faking his own kidnapping following a two-day drugs and alcohol bender with an escort.
Lapo Elkann, an heir to Italy’s Fiat empire, is suspected of faking the kidnap to squeeze money out of his family after he ran out of cash to buy drugs.
The 39-year-old grandson of Gianni Agnelli, the celebrated patriarch of one of Italy’s richest families, was charged with falsely reporting an incident.
A New York police spokesman said Elkann had been released and the case would be dealt with in court.
Neither Elkann’s publicist nor the Agnelli family’s investment holding, Exor, wished to comment. Elkann is alleged to have called his family on the weekend, claiming he was being held against his will by someone who would harm him if he did not pay her US$10,000, reported U.S. media.
He had flown to New …