An Israeli identified as Perez Rangel has been arrested after stealing a $300,000 Ferrari but ended up begging money for fuel.

Officers who noticed the Ferrari had a trashed fin as well as vomit cake on the side arrested the 38 years old.

According to report, the car was stolen two weeks earlier from the Ferrari & Maserati of Newport Beach service centre in Costa Mesa after a worker left the key on a passenger seat, authorities said.

CCTV footage showed a man dressed in a Ferrari jacket walking onto the car park and taking the vehicle.

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