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Thailand gov't delivers crushing blow to Ferrari
In Thailand, exotic car theft is a pretty common occurrence, and thieves are pretty sophisticated about it, too. First, they make off with the vehicle's important components. Then, after the police seize what's left, the criminals purchase it at auction at about 15% of its value. This is "car laundering," and local officials have caught on to the ruse. Now, rather than auction cars off to the people who stole them to begin with, the government will simply crush what's left behind. Here's an example. In June, Thai officials seized a Ferrari ... Read more →
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Thailand gov't delivers crushing blow to Ferrari 2 years ago on Autoblog
In Thailand, exotic car theft is a pretty common occurrence, and thieves are pretty sophisticated about it, too. First, they make off with the vehicle's important components. Then, after the police seize what's left, the criminals purchase it at auction at about 15% of its value. This is "car ...
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