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Connecticut State Police Patch STATE OF CONNECTICUT
Department of Public Safety
1111 Country Club Road
Middletown, Connecticut 06457
 
Contact: 
FOR IMMEDIATE RELEASE
September 5, 2008

      CAR STOLEN IN EUROPE IN 1993 RECOVERED IN SHARON, CONNECTICUT

                                             Rare 1958 Ferrari Found

         In the evening on Thursday, 09/04/2008, the Connecticut State Police Motor Vehicle Task Force and the Connecticut State Police Auto Theft Task Force conducted a joint investigation to attempt to recover a stolen 1958 Ferrari 250 PF.

This investigation was initiated in June of 2008 after State Police Motor Vehicle Fraud Task Force Troopers developed information about the stolen Ferrari that was registered in the state of Connecticut. The investigation revealed that a Ferrari was reported stolen in Spain in 1993 The car was smuggled into the United States through New Jersey. The stolen Ferrari was initially registered and titled in New Jersey in 1994. It had been initially registered with a false Vehicle Identification Number and was involved in multiple paper sales and transfers over the next several years in New Jersey.

The vehicle was ultimately sold to an apparent unsuspecting buyer in Connecticut in 2000 for $550,000.00. According to exotic car enthusiasts, the 1958 Ferrari 250 PF is valued between $4,000,000.00 and $5,000,000.00.

The criminal investigation revealed that the car was reported stolen in Spain in 1993. The original Police report identified the victim from Switzerland. Interpol assisted in this investigation, as well as the original owner/victim. State Police investigators obtained copies of all Spanish and Swiss documents relating to the stolen Ferrari and they were all translated to English.

The theft report was confirmed and the true ownership was established to be a subject from Switzerland. The victim never accepted the insurance claim as he believed that the Ferrari was so rare and valuable that it would eventually turn up somewhere in the world intact.

The Connecticut State Police investigation discovered that the unsuspecting buyer purchased the vehicle in New Jersey in 2000. The Ferrari was added to a collection of Exotic vehicles owned by the Connecticut buyer.

         State Police Investigators submitted a search and seizure warrant to Superior Court for the subject’s residence in Sharon, Connecticut. The stolen vehicle was located and seized. The investigation is continuing.

RECOVERED CAR 1 CROPPED

recovered car

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