It all started back in 2003 when the 1996 Ferrari F50 (the predecessor of the LaFerrari supercar) in the photo was stolen from a luxurious hotel parking lot in Italy. The previous owner, Paolo Provenzi, had spent $309,500 to acquire the Ferrari, but received no insurance payout and had to accept the loss when the police failed to locate the vintage car.
However, the Ferrari F50 unexpectedly reappeared in late 2019 at the US-Canada border when the car was transported to its new owner in Florida, USA. CNN reported that the US customs discovered several suspicious features of the F50, such as the blacked-out VIN plate studs, indicating that this detail may have been tampered with to legitimize the supercar.
The F50 was then promptly impounded as US customs contacted Ferrari and investigative authorities, and the truth was soon revealed – this was the stolen car from 2003 that had embarked on a world tour before finding its way back to the US. Now, the government has to intervene to determine the rightful owner of the vintage car (valued at no less than $2 million).
Former owner Paolo Provenzi stated that he had not heard any news since the car was stolen, while the new owner, Mohammed Alsaloussi, claimed to have legally purchased the car for $1.435 million in March 2019 and was unaware of the F50’s suspicious history. Although neither of them may have any connection to the car theft, they both have a certain right to ownership of this supercar, and the matter can only be resolved in court.
Reference: CNN
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