Home / Auto News / News article: FBI Being Sued for Crashing $750K Ferrari F50? - AutoGuide.com News
 |  Feb 25 2011, 8:20 AM

In a strange (and kind of funny) twist, the FBI and Justice department are being sued for crashing a $750,000 Ferrari F50. But how did they come in possession of a car like this? That’s were the story gets interesting.

Back in 2003 the Ferrari F50 had been reported stolen from a dealership in Pennsylvania, which was then paid out by Motors Insurance Corp., making the insurance company the new owner of the missing car. To everyone’s surprise, the car was actually recovered in August 2008 by the FBI, and they subsequently stored it to use to prosecute the thief.

Unfortunately, in May 2009, FBI Special Agent Frederick C. Kingston was transporting the pricey Italian exotic and crashed it into a tree and when Motors Insurance Corp. found out, they sent the FBI and Justice Department a bill for $750,000. The bill was rejected by the agencies – they claimed the damage happened while the car was being detained by the FBI in the course of an investigation. Another claim that was filed in September of 2010 was also rejected.

Trying to get a handle on the accident, the insurance company filed to receive information regarding the crash through the Freedom of Information Act. Unfortunately, it seems like the FBI really doesn’t want to pay for the car, because that request was denied (“federal exemptions” being given as the reason).

The insurance company did receive an email from Assistant U.S. Attorney J. Hamilton Thompson on the day of the crash, which stated that the FBI agent took the F50 for a “short ride” in which he lost control and “fishtailed and slid sideways” only seconds after leaving the warehouse.

Do you think the FBI has a responsibility to pay the $750,000 bill or should the insurance company just forget about ever seeing any kind of compensation for the Justice Department? Let us know in the comment section below.

[Source: The Detroit News]

  • Rob

    Did the agent at least get fired? If he didn’t get fired, then they should have to pay the $750k…. if he did get fired, than the Insurance company should be going after him personally.

  • MrVette83

    This event occurred near me in Lexington, KY. It has been all over the local news recently. I feel as though the justice department should have to compensate Motor Insurance Corp. As the article says, they became the rightful owners of the car when they paid the PA dealer for the claim. When it the car was found intact this presented an opportunity for MIC to recoup the money paid for the claim. Once the car was wrecked all opportunities were lost and the party responsible for the damages should foot the bill.

  • Timothy

    You crash, you pay. Plus, I’m guessing it was a joyride more than a transport.

  • Danny Tse

    Whether the agent was fired or not is irrelevant (the agent most likely got a promotion….and a raise), the FBI should owe up to its mistake and take responsibility for its agents’ actions. Oh, I am sorry….this is the government we’re talking about.

  • RC

    Hmm something is fishy here. Maybe they should get the FBI to investigate… oh wait.

  • Edward G. wolcott

    First, is it registered?

    If not it should have been transported by flatbed or by a car carrier! (Not driven, except to load it )

    Is it insured?

    (Assume, that it is since an insurance company owns it)

  • Edward G. Wolcott

    I don’t recall the article,stating that the car was totaled!.

    I doubt that it was! (Totaled that is )

    Was it fixed?

    Was it returned to its owner?

    (A little birdie is telling me that its in some government storage building
    Somewhere, never returned!)

    That’s why they are bring sued!

    Further analysis,

    if my car is fully insured,And I lost control and fishtailed,smashed sideways into a tree my insurance company would pay to get it fixed!

    I doubt it was totaled!

    I bet the birdie gave the answer! !!!

    Bad reporter not getting/reporting all the facts!

  • amped

    @Edward G. Wolcott

    Whats funny is how you say the reporter not reporting the facts when in fact you don’t have all the facts correct. This incident has been well known to a lot of people. Here is the facts so you can take your foot out of your mouth.

    Fact:
    Car was originally stolen by a man that stole several Ferraris pretending to be a valet and drove off with the cars.

    The insurance company paid for the full value of the car to the owner. Therefore making them the new owner of the still missing Ferrari.

    F50 was recovered several years later when the FBI were finally able to track down the thief.

    F50 was confiscated by the FBI and kept in storage as evidence to prosecute the thief.

    insurance company was requesting for the F50 back but unable to get it back due to it being evidence in an ongoing trial and therefore the F50 is uninsured.

    federal agent was supposedly transporting the F50 from one warehouse to another and crashed the car, wrapping it around a tree(THEREFORE TOTALED)

    insurance company was informed of said crash and requesting FBI to reimburse them the money they paid to the original owner as they crashed the F50 which is currently considered the insurance company’s property.

    FBI was supplying very limited information to the insurance company(most likely to hide their tracks)

    insurance company demanded for a full disclosure on the accident and was told they are not entitled to that information under a “federal exemption” to freedom of information act.

    now insurance company says they do not know the current location of the car(most likely 100% true) and the FBI are also stating that they don’t know its current location(most likely 100% false as they are trying to avoid any information about the accident leaking to the public and the insurance company).

  • Edward G. Wolcott

    In response,

    as the car was the property of the insurance company, they would self insure the car! (so it would be insured)

    As far as it being totaled (im very doubtful that the car would not be able To be repaired for less than $300,000) if this was an ordinary american car $35,000 or less it most likely would be considered totaled, but not in this case! (I’m not sure what the insurance companies use, to be considered totaled, repair cost eg 38% or more of its current value.

    About the reporter not providing all the facts, I was only discussing this article, since this is all I read about this story! (sorry for the confusion)

  • Amy Tokic

    Hi Edward,
    I’m not sure a “little birdie” is a reputable source. Unless, of course, that birdie is Woody Woodpecker. He’s hilarious, I’d believe anything that came out of his beak :)
    Amy