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This $2 Million Ferrari F50 Disappeared For 16 Years… And Is Now The Subject Of An International Mystery

By itself, the 1996 Ferrari F50 is a fascinating vehicle. Only 349 of the automobiles were made to commemorate the 50th anniversary of the legendary Italian automaker.

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One of the most amazing street-legal vehicles ever made is the 1996 Ferrari F50. The vehicle was created to mark the iconic Italian automaker’s 50th anniversary. The F50 was designed to be as similar to a street-legal Formula One race vehicle as feasible.

US Attorney’s Office, Western District of New York

Western District of New York Office of the US Attorney

That car has been sitting in the impound lot since December 2019. It was seized when it crossed a bridge from Canada to Buffalo, New York, on the back of a transport truck. When a US Customs officer saw something fishy about the transit, he stopped the truck and started doing some background checks. The officer discovered right away that this car has a spotty past.

Two parties assert that they are the rightful owners of the car:

According to the tale, Provenzi bought the vehicle in February 2003 alongside his father and brother. Paolo took the car to a hotel bar in the town of Imola a month later. He left the vehicle in the hotel’s parking garage. When he came out some hours later, it wasn’t there. No one saw the car for the next 16 years, until December 2019 when it was spotted by the Customs officer in Buffalo.

In 2003, Paolo submitted an insurance claim, but it was denied, costing him $310,000.

Imagine that it was December 2019 and Blue Line Trucking was bringing the Ferrari into the US. The car was listed as an “unaccompanied personal good” belonging to Mohammed Alsaloussi.

This occurred two years ago.

U.S. Attorney James P. Kennedy provided the following justification for the decision to seize the car rather than allow it to go through customs in a statement regarding the investigation:

“After an inquiry, my office came to the conclusion that forfeiting this incredibly valuable and previously stolen luxury vehicle would not be appropriate. Instead, after an 18-year odyssey, which we know took it across continents and countries, we have decided that the time has come for a court of law to determine the rightful owner of the vehicle.”