The US Attorney's Office for the Western District of New York filed a civil action on Wednesday seeking to determine the ownership of car. The CPB placed a hold on the car to investigate and contacted Ferrari and the National Insurance Crime Bureau. It's unclear how the Ferrari got from Italy to Canada, where Mohammed Alsaloussi of Florida bought it in September 2019 for $1.435 million. Alsaloussi said he had no idea that the car had been reported stolen, according to the filing. Alsaloussi had registered the car to Ikonick Collections Ltd., a holding company for his collection of rare automobiles, according to the court documents.

Source: CNN March 19, 2021 20:48 UTC