The Department of Justice is refusing to reimburse $750,000 to the owner of a rare Ferrari that was damaged by an FBI agent.

 

Stolen in 2003 from a dealership in Rosemont, Pennsylvania, the 1995 Ferrari F50 was recovered by the FBI five years later during a drug raid. By then Motors Insurance Corporation (MIC) had taken ownership of the vehicle. But the FBI held onto it as part of a criminal investigation.

 

Then, in May 2009, FBI agent Fred Kingston invited a federal prosecutor, J. Hamilton Thompson in Lexington, Kentucky, to join him as he “moved the car”—and in the process spun out, ran into a tree and severely damaged the luxury sports car. Motors Insurance demanded the government pay the full value of the vehicle, claiming the car was totaled in the accident.

 

The FBI refused, prompting the insurer to sue the Justice Department, which insists it is not liable for the condition of possessions while under its control.

 

Only 349 1995 F50s were made and only 50 made it to the United States.

-Noel Brinkerhoff

 

US Won't Pay for Ferrari Wrecked by FBI Agent (by Ed White, Associated Press)

FBI Totals Ferrari in Joyriding Crash, Stonewall Insurance Company (by Justin Hyde, Jalopnik.com)