Black Ferrari F40 Forfeited In Fraud Scheme sells for $760k

They say that ‘crime doesn’t pay’, but it apparently affords you some very cool cars - but if you get caught, kiss them goodbye

An impressive assortment of classic collector cars remain up for grabs under the most unusual of circumstances. According to NBC Los Angeles, the collection of vehicles form part of a plea agreement that involves a Los Angeles VA parking lot operator.

Forfeited as a part of the US Marshal's Service investigations was a restored 1991 black Ferrari F40, various classic Corvettes from the 1960s, a 1970 Plymouth Roadrunner, and vintage Chevys. The Ferrari has now sold for a cool $760k.

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The parking lot operator is on the hook for $13 million after defrauding the U.S. Department of Veterans Affairs, a crime he had pled guilty to in 2018. It’s alleged that he used that money to acquire these cars, as well as other assets, like a swanky SoCal condo that cost $7 million, and a Cigarette racing boat.

"Mr. Scott has quite the taste in cars," said U.S. Marshal's Office Assistant Deputy Chief Joseph Exner. "He definitely enjoyed his high-dollar cars. He's also got some older cars that probably gained in value. His car collection is more of, 'Look at me. Look at how much money I have.’” - basically, the guy was flaunting his 15-year run of criminal activity in everyone’s faces.

So, back to the F40! Aside from being owned by a swindling crook, it has quite an interesting history behind it. This is the same Ferrari that was restored on the Discovery Channel show, Fast N’ Loud after being damaged in a crash in the summer of 2011.

Bidding in the online auction starting on January 28, 2019, and closed yesterday with a final bid of $760K on the sinister black F40.

This particular seems to have exchanged hands several times already. In 2014, the car was sold at Barrett-Jackson to famous baseball player, Reggie Jackson for $675,000, plus fees, for a total of $742,500. A year later, it was back at the same auction house, and moved for $643,500, which seems to be when Richard Scott got the car.

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