What a deal this last guy thought he got!
http://www.fox61.com/pages/landing_news/?Stolen-Antique...kID=49379&feedID=341
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I swear it wasn't me!
Michael
Michael
Well the original owner can rack house with a $5 million payoff, they were smart not to accept the insurance money!!!
Jeff
Jeff
isn't there a statute of limitations problem here??
the theft took place in 1994, that is 14 years ago, that just seems like a LONG time to allow a seizure from a bona fide purchaser.
nazgul
the theft took place in 1994, that is 14 years ago, that just seems like a LONG time to allow a seizure from a bona fide purchaser.
nazgul
There was no international statute of limitations for stolen art treasures taken by soldiers/countries during the second world war ... over 60 years ago.
I cannot see why there would be a statute of limitations for car theft either.
I cannot see why there would be a statute of limitations for car theft either.
Ahhh, but there's more to the story... There's evidence that the "bona fide purchaser" knew the title was questionable.
Stolen Ferrari 250 PF Cab, A Timeline
http://www.sportscarmarket.com/articles/archives/1633
Legal Wrangling Begins Over Stolen 250 PF Cab
http://www.sportscarmarket.com/articles/archives/1630
AVOID any car with a questionable title! I passed on a nearly new Jeep Cherokee Laredo with a salvage title many years ago that was priced just TOO GOOD TO BE TRUE, supposedly because the "side of the car got scraped in a parking lot so the insurance company totaled it" and the seller merely "replaced the fender and door and repainted that side to match."
It's common practice for auto theft rings to steal a car, strip it, then buy the remains from the salvage yard for pennies on the dollar, put it back together, and then sell the stolen vehicle with a "clean" salvage title. Some will even register the vehicle in a state like Alabama where there is no salvage title so it regains a "clean salvage-free" title when it's sold and subsequently registered elsewhere.
Caveat Emptor!
Stolen Ferrari 250 PF Cab, A Timeline
http://www.sportscarmarket.com/articles/archives/1633
Legal Wrangling Begins Over Stolen 250 PF Cab
http://www.sportscarmarket.com/articles/archives/1630
AVOID any car with a questionable title! I passed on a nearly new Jeep Cherokee Laredo with a salvage title many years ago that was priced just TOO GOOD TO BE TRUE, supposedly because the "side of the car got scraped in a parking lot so the insurance company totaled it" and the seller merely "replaced the fender and door and repainted that side to match."
It's common practice for auto theft rings to steal a car, strip it, then buy the remains from the salvage yard for pennies on the dollar, put it back together, and then sell the stolen vehicle with a "clean" salvage title. Some will even register the vehicle in a state like Alabama where there is no salvage title so it regains a "clean salvage-free" title when it's sold and subsequently registered elsewhere.
Caveat Emptor!