You might recall the tale of the FBI and U.S. Department of Justice being sued earlier this year for wrecking a Ferrari F50. The F50 was stolen from its owner in 2003, after which the insurance company, Motors Insurance, reimbursed the owner for the loss. The feds then recovered the stolen scarlet screamer during a sting operation and held it in FBI custody in Kentucky. At some point, it needed to be moved out of its impound garage, but instead of making it safely to another garage, it got wrapp
The story of the 1996 Ferrari F50 that was stolen from a Pennsylvania dealership, lost for five years, then crashed by two FBI agents, has gained some plot twists. The story begins in 2003 with Tom Baker, an airline pilot with a love for all things Ferrari and a serious talent for slick talking. It ends with an insurance company locked in litigation with the Department of Justice, trying to recover the $625,000 it paid Algar Ferrari/Maserati for the now-worthless Ferrari.
Thursday is going to be a big one for the vintage automotive universe. This week, Ohio judge Norbert Nadel is expected to decide who is the rightful owner of a 1954 Ferrari 375 Plus – one of the most valuable Prancing Horses in the world. Right now, says NPR, one Jacques Swaters has possession of the vehicle and has performed an extensive restoration to bring the car back to life. Thing is, the family of the original owner, Karl Kleve, apparently still has the title as well as a bevy of pa