This is why we can't sell nice things.
Amechanic from Michigan just got two years of prison time after selling one ofthe rarest Ferrari engines in the world. Just a handful of these prized,timeless, and absurdly expensive Ferrari Lampredi engines were produced by the Italian automotive iconin a production run from 1951 to 1957. This Ferrari engine was the result of acollaboration between Enzo Ferrari and Aurelio Lampredi with the singleintention of high-performance racing. So how does a US mechanic get his hands on such history and get in trouble for doing so?
TerryMyr, a 71-year-old auto technician who (used to) work on exotic car repairs got his hands on one of these engines and sold it in 2009 for a whopping$610,000 to a private buyer. So why did this shop jockey just get sentenced totwo years in prison? The feds got him the same way they nailed Al Capone: taxevasion. Apparently when this sly mechanic made the sale of this extremelyrare Ferrari part for over $600 grand he requested that the buyer pay him bydirect-wire transfer into a secret corporate bank account he created just aweek prior. Ontop of all that prosecutors also found that he had evaded paying a total of$738,904 in back taxes spanning over a decade.
Apparently after he soldhis piece of Italian automotive history and received funds in his privateaccount, he spent almost $400,000 on gold and silver coins. Ferrari Lamprediengines were featured on some of the Italian automaker’s most desirable modelsever, including the Ferrari 250, the Tipo 500 race car, the 500 Mondial, andthe 750 Monza.