Ferrari Seized By FBI Sells At U.S. Marshals Auction

SANTA MONICA, CA – A Ferrari with a colorful past – including starring on a reality television show, belonging to a parking lot operator who scammed the U.S. Department of Veterans Affairs out of millions and subsequently getting seized by the FBI – was sold at a U.S. Marshals auction last week.

The luxury car's claim to fame began in 2013, when “Fast N’ Loud” reality television star Richard Rawlings and his business partner Dennis Collins bought the 1991 Ferrari F40, even though they were told it was "unfixable and totaled," according to KTLA. The car was eventually refurbished and documented on the series, the news station reported.

Eventually, the Italian sports car belonged to Richard Scott, a Santa Monica parking lot operator who pleaded guilty last year to conspiracy and wire fraud charges after he scammed the Dept. of Veterans Affairs out of more than $13 million.

Then, the FBI seized Scott's assets, including three Ferraris and several vintage Corvettes, to pay millions in restitution as part of his plea deal, the Los Angeles Times reported. Eight of his 19 luxury cars were for sale at the online auction that closed Monday.

The infamous F40 sold for $760,000, which was at a significantly higher price compared to the last two times it changed hands.

Main image via YouTube screen grab