The infamous Gas Monkey Ferrari F40 is currently the subject of an online auction by the United States Marshal Service. The car was seized from Richard Scott, a Los Angeles parking lot operator who plead guilty to defrauding the U.S. Department of Veterans Affairs out of more than $13 million.
This particular F40 has a chequered history. It was built from the remains of a crashed car by the Gas Monkey Garage team. The donor car was crashed in 2014 by a mechanic in Atlanta, Georgia. Richard Rawlings and Aaron Kaufman purchased it as a salvage title for $400,000.
The Ferrari F40 was acquired using money Scott gained from his fraud. Scott operated a parking lot, owned by the VA. His contract required him to provide the VA with 60 percent of the parking revenues from the lots. He submitted annual reports detailing revenue generated by parking fees. An investigation determined that Scott kept two sets of books. One contained false revenue and expense statements. The second contained the actual revenues and expenditures. US Marshal’s were able to determine the extent of the fraud from the evidence contained in the two ledgers. Scott also admitted to bribing the VA contracting official Ralph Tillman, paying him a total of about $300,000.
The United States Marshall Service seized other possessions belonging to Scott included a racing boat, two other Ferrari’s, a 1969 Corvette L88, two Mercedes-Benz and a Shelby Super Snake Mustang.
As for the car, the build of this unique F40 was covered by the Discovery Channel in its Fast N’ Loud program. It was rebuilt to an uprated specification. Gas Monkey fitted a new TUBI competition exhaust, upgraded the turbos (keeping the factory cases), fitted an aluminum flywheel, a new Kevlar clutch and special F1 adjustable shocks made specifically by Penske Racing. The car produces around 550 hp and is probably one of the most modified, of all of the F40’s.
When it was finished, Gas Monkey placed it for auction. It was originally purchased by Reggie Jackson. A short time later, it appeared at auction again and was sold, presumably to Scott.
The auction of the Gas Monkey Ferrari F40 had already reached $505,000 at the time of writing. It is set to remain open until tomorrow at 12pm Eastern Time. It seems that fraud and bribery were not Richard Scott’s only deceptions. The auction notes that there is a discrepancy between the 8,130 miles reported on 1 February 2015 and the 2,117 miles in March 2017. The odometer currently reads 9,095 miles.
Need to hire a new proof reader.
Unfortunately we all make mistakes. I have now amended these thanks to those who pointed them out!
Please spell and grammar check your articles before publishing them. This is horrible! Your editor should be ashamed!
Noted. I have updated the article to correct the mistakes. I apologise profusely.
What? Me fail English? Thats unpossible
Corrected, it has now been. Sorry, I am.
Takem away toys!
The toys were taken away a long time ago!
Jesus, that was hard to read. Looks like a 9 year old editor was not the way to go.
I’m certainly not a 9 year old editor! Just a fallible human being. I apologise, mistakes have now been corrected.
I find it funny that most of the comments are about grammar. More and more I find blogs are being written by semi-literate tweens.
Unfortunately we are all prone to mistakes every now and again. I apologise and have corrected the mistakes now!
This is an article about a fast ass old Ferrari that (some of us) had posters of growing up. It’s about rude, raw power that would scare all of our English teachers right out of their suspenders. Which is why people who cant comprehend not being ‘safe’ or ‘perfect’ should stick to their 4Runners they use to bag groceries and let the rest of us enjoy g forces.
Forgive me, I was too excited about the thought of making passengers pee their pants. Did I spell anything wrong?
I can only apologise for the spelling mistakes and poor grammar. This has now been rectified.
The reason it’s so difficult to read is because the writer is trying to blur the lines between the the fraudulent buyer and the gas money team that built the car, thus trying to make it appear as though the the fraudulent buyer was somehow attached to to the gas money team or Richard Rollins. They are counting on lazy readers or those that don’t know the names of the gas money team. It’s called propaganda. Propaganda is what has become of the news media in our country. Both tv and written.
Not at all, the story behind the car and the fraudster who it was seized from are both interesting. Personally, I think the Gas Monkey team did a great job with it. It will be interesting to see whether they managed to buy it. This will apparently be revealed on the next season!