A diamond-studded watch? $150,000. Seeing karma get the best of some little “Internet famous” tool? Priceless.

Param Sharma—better known under his Instagram handle @ItsLavishBitch—has become somewhat of an Internet sensation thanks to his rich parents, over-the-top lifestyle and merciless dedication to demonstrate both.

//instagram.com/p/aLyLWwj-Fs/

//instagram.com/p/eAyK3ej-EX/

The 18-year-old’s Instagram is filled with pictures of piles of cash, fancy cars and expensive accessories—accompanied with obnoxious captions, like one declaring the Kardashian family “a pile peasants.”

But us “peasants” are having the last laugh—since he just got arrested for attempting to sell an iPhone on Craigslist. And it wasn’t even the gold one he boasted about getting on the release of the iPhone 5 last year!

//instagram.com/p/aXMaveD-J1/

//instagram.com/p/X58v3QD-KX/

The teen’s profiles have been inactive since Aug. 14, as he’s been behind bars.

His lawyer, Andrew Shalaby, says he was found guilty of the misdemeanor of selling a found iPhone without any effort to find the original owner.

The attorney adds that the teen, who is he first person to be convicted of this crime in the state of California, posted the ad on Craigslist as a favor for a friend who “did not have any cell service to post the ad on his own.”

//instagram.com/p/WCS-baD-PY/

//instagram.com/p/UpsjC7j-KX/

Upon arresting Param, bail was set at $30,000—which his lawyer thinks was unfairly done by the police.

“The police knew him and were unhappy with his social media accounts. $30,000 bail is not something that could be done for these charges,” Mr. Shalaby explains.

Good thing $30k is totally NBD to the Sharmas… and we’ll just let his Instagram pictures prove it:

//instagram.com/p/UkyXV2D-Fv/

//instagram.com/p/UaNyxfj-Bj/

//instagram.com/p/UUJz0Oj-P-/