complex crime involving a rare and expensive Ferrari that was stolen in Marbella in 1993.

Connecticut police have helped unravel a complex crime involving a rare and expensive Ferrari that was stolen in Spain in 1993.Car smugglers falsified documents and records for the car, valued at between $4 million and $5 million, and sold it to a car enthusiast to Sharon, police said.Troopers from the State Police Motor Vehicle Fraud Task Force started their investigation in to the rare Ferrari 250 PF in June after learning that the car was registered in Connecticut. It turns out, police said, that the Ferrari was reported stolen in Spain in 1993. The original Police report identified the victim from Switzerland.
The car was then smuggled into the United States through New Jersey. It was registered and titled in New Jersey in 1994 with a false Vehicle Identification Number, police said. There were multiple paper sales and transfers over the next several years in New Jersey, police said.The vehicle was ultimately sold to an apparent unsuspecting buyer in Connecticut, who bought the car in New Jersey in 2000 for $550,000.00, police said.The buyer added the Ferrari to a collection of exotic vehicles, police said.According to exotic car enthusiasts, the 1958 Ferrari 250 PF is valued between $4 million and $5 million.Interpol and original owner assisted in the investigation.State Police investigators obtained copies of all Spanish and Swiss documents relating to the stolen Ferrari and they were all translated to English.The original owner from Switzerland never accepted the insurance claim because he believed that the Ferrari was so rare and valuable that it would eventually turn up somewhere in the world intact, police said.State Police Investigators submitted a search and seizure warrant to Superior Court for the subject’s residence in Sharon, where they located the stolen vehicle Thursday. The investigation is continuing.