Want a Watch?…I Mean Ferrari
What's lower than selling fake Rolex's on a city street? How about selling cheap replica Ferrari's.
Italian financial police have busted a ring of counterfeiters who built fake Ferraris and sold them for as little as $30,000 a car, officials said Thursday.
Authorities have confiscated 14 fake Ferrari Modena 360s – seven sold and seven under construction – in an operation reaching from Palermo to Milan, said Guido Geremia, head of the Palermo unit that led the investigation.
Investigators do not know how many of the cars have been sold in the past – but Geremia said the buyers knew the cars were fakes and were clearly seeking to impress unknowing neighbors with the sleek-bodied speed machines. "That is the only reason," he said.
Eight people are under investigation, authorities said. The ring used mostly Pontiacs as their base, but also Mercedes and Toyotas, building a copy of a Ferrari body over the original car's engine. "It was done very well – they were very skilled," Geremia said.
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