NICB: Ferrari Stolen in 1987 Recovered at California Port

April 25, 2016

The National Insurance Crime Bureau (NICB) was given exclusive access to a 1981 Ferrari GTSI recovered at the Port of Los Angeles and Long Beach earlier this month.

The car, one of 1,743 of that model made in 1981, was stolen in 1987 from Newport Beach, Calif., while on consignment at a dealership. The vehicle identification number (VIN) was later switched to the VIN of a 1982 Ferrari that had already been exported to Norway in 2005. When the vehicle arrived at the port, it was headed from Texas to Poland.

Working with Customs and Border Protection, the California Highway Patrol and Ferrari representatives, NICB was able to determine the true identity of the car and to recover the original theft report filed with Newport Beach Police in 1987. NICB records showed only 12 stolen red Ferraris still unrecovered at this time.

The original owner, who was paid some $37,000 for the insurance theft claim in 1987, has been contacted. The insurance company now owns the car, which will be offered to the original owner to purchase or likely sold at auction. The current value is estimated between $50,000 and $90,000.

Source: NICB

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