The U.S. Attorney's Office in Western New York is looking for the rightful owner of a Ferrari stolen in Italy 18 years a
Posted: Fri Jul 01, 2022 9:07 am
The U.S. Attorney's Office in Western New York is looking forthe rightful owner of a Ferrari stolen in Italy 18 years ago. WIVBreports a 1996 Ferrari F50 was stolen in 2003 and then found duringan inspection at the Peace Bridge in Buffalo, N.Y., on December 14,2019. The car was being transported across the border from Canadainto the U.S. when Customs and Border Protection officers noticedsome rivets on the VIN plate were covered with a black tarsubstance. The vehicle, with 10,708 miles on it and worth anestimated $1.9 million, was determined to be stolen but thegovernment has filed a civil action to determine who can takeownership of it. According to The Buffalo News, two people areclaiming it's theirs. Ferrari's records show the sports car wasstolen from a hotel parking garage on March 30, 2003, just a monthafter an Italian man, Paolo Provenzi, bought it with his father andbrother. And a Florida man, Mohammed Alsaloussi of Miami, says hebought it online for $1.435 million in September 2019 for his carcollection. Provenzi never recovered the vehicle and reportedlyprovided documentation from his insurance company showing his losswas not covered. Alsaloussi, who owns the Ikonick Collection Ltd.,said he didn't know it was stolen when he bought it. The vehicle'sbeen in federal custody for more than a year, but its journeybefore that is a mystery. The car currently has a Canadian licenseplate and Provenzi's lawyer, Alessandra Piras, said a Japanese manasked Provenzi to withdraw his police report a few years ago. "Whenthis is over, there's going to be a movie made about this," Pirastold the Buffalo News. "This car has been going around the world,apparently. It was in Japan for a while." U.S. Attorney James P.Kennedy Jr., of the United States Attorney's Office in the WesternDistrict of New York, said he was filing a civil action todetermine the vehicle's owner. "After investigation, my Officedetermined that it would not be appropriate for us to exercise ourauthority and forfeit this extremely valuable and previously stolenluxury car," Kennedy said. "Instead, after an 18-year odyssey,which we know took it across continents and countries, we havedecided that the time has come for a court of law to determine therightful owner of the vehicle."
1. Discuss what type of title each party has and how it can belawfully transferred.
2. Who do you think the court should choose as the rightfulowner and why?
3. Why do you think the car was uninsured?
4. Who should pay for the storage and transport of the vehicleto the party who ultimately prevails?
1. Discuss what type of title each party has and how it can belawfully transferred.
2. Who do you think the court should choose as the rightfulowner and why?
3. Why do you think the car was uninsured?
4. Who should pay for the storage and transport of the vehicleto the party who ultimately prevails?