9 1.9 million Ferraris: Two people claim ownership of a rare car



According to an assessment made by the government last year, the Ferrari F50 ran only 10,708 miles in 1996 and was valued at $ 1,949,669. Ferrari made just 349 F50s to celebrate the legendary car company’s 50th anniversary.

U.S. at Peace Bridge Port Entf Entry in Buffalo, New York. Customs and Border Protection (CBP) officials said the car was sent to the car collector from Quebec, Canada in December 2019, according to court documents.

During their inspection, they found that the rivets with the vehicle’s Vehicle Identification Number (VIN) plate were painted with a black, tar-like material that was not in line with factory standards.

The CPB seized the car and contacted Ferrari and the National Insurance Crime Bureau for an investigation.

They found out that the car had been stolen from the parking garage at the Hotel Dontello in Emola, Italy in March 2003 and had never been repaired.

According to documents, Paolo Provenzi, who lives in Italy, was able to prove that he and his father and brother bought the Ferrari for about 309,500 (€ 260,000) a month before it was stolen. The loss was not covered by insurance.

It is not clear how the Ferrari arrived in Canada from Italy, where Mohamed Alsolosi of Florida bought it in September 2019 for 1. 1.435 million. Alsolosi said he had no idea the car was stolen, according to the filing.

Now, both men want the car back.

Attorney Alessandra Pierce, representing Provence, told CNN-affiliated The Buffalo News that the car journey was “a complicated story.”

Piras told The Buffalo News, “When this is over, there’s going to be a movie about this.” Apparently, this car travels around the world. She was in Japan for a while. “

CNN tried to reach Piras on Friday, but his butt said it was not immediately available.

According to court documents, Alsolosi had registered with the holding company Iconic Collection Limited for the collection of car rare automobiles.

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“Our client has the title and vehicle registration issued by the government and the reputable seller has been paid a fair market value,” said Richard O’Neill, Attorney of Alsolosi, in a statement.

“Recently we have discovered the existence of another claimant. We have many questions about the facts and circumstances of the 2003 sale and theft allegation. If another claimant appears in this case, we intend to investigate very closely.” “The facts and circumstances surrounding his claim. We look forward to the filing of this case and will look forward to the resolution of this matter.”

In a government filing, the U.S. Attorney’s Office said it had “great doubts” about which claimant should have received the car.

American Attorney James P. “After an investigation, my office has decided that it would not be appropriate for us to exercise our rights and confiscate this extremely valuable and previously stolen luxury car,” Kennedy Jr. said in a statement.

“Instead, after 18 years of Odyssey, which we know has taken him to continents and countries, we have decided that it is time for a court of law to determine the right owner of the vehicle.”

The car is being kept in a buffalo by the CBP till the case is disposed of.

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