Ferrari Mechanic Busted Just Like Al Capone!

by AllAutoExperts    |  31 October, 2015

Share :

An exotic car mechanic from Michigan was sentenced to 2 years in prison for selling one of the rarest engines in the world: the Ferrari Lampredi. The engine was manufactured in a collaboration of Enzo Ferrari and Aurelio Lampredi between 1951 and 1957 and only a few of them have been built.

Terry Myr is 71 years old and used to work in a shop that repaired exotic cars. Somehow he managed to obtain this ultra-rare engine and sold it for a whopping $610k. Nothing wrong so far you say. Here is how he got in trouble. He asked the buyer to privately transfer the money to a secret bank account he created for this purpose. In other words, he was charged with tax evasion. Just like "his fellow in crime" Al Capone.

Moreover, the prosecutors discovered he evaded paying taxes on $738K over the last 10 years.

The most probable reason why he got caught, is that immediately after he received the money, he started to buy big quantities of silver and gold coins ($400,000 worth) which raised some red flags.

Recomended:

Your Car Is Online Now, And Thieves Know It - Photo
Others
Your Car Is Online Now, And Thieves Know It

Nobody really thinks of a car as a computer until it starts acting like one.It unlocks from an app. It gets updates while parked. It remembers routes, phones, settings, payments, sometimes even wh

AutoExpert
Your Parked Car Is Aging Faster Than You Think - Photo
Others
Your Parked Car Is Aging Faster Than You Think

Some cars barely leave the driveway anymore. One owner works from home. Another keeps a second car for weekends. Someone else leaves town for a few weeks and comes back expecting the car to start like

AutoExpert
Cars Were Crash-Tested Around Men for Decades. Women Paid the Price. - Photo
Others
Cars Were Crash-Tested Around Men for Decades. Women Paid the Price.

Here’s the part that feels almost unbelievable: for decades, car safety was built around a body that looked mostly like an average man.Not a small woman. Not a pregnant woman. Not the person

AutoExpert
Morgan Just Built Its Most Powerful Car Ever - Photo
Car News
Morgan Just Built Its Most Powerful Car Ever

Morgan just dropped its most powerful car yet, the Supersport 400. And yeah, it sticks to what Morgan does best, just with a bit more punch.It runs BMW’s 3.0 straight-six, same family as t

AutoExpert
This $32K EV Looks Like A Porsche Taycan: Meet The SAIC Z7 - Photo
Car News
This $32K EV Looks Like A Porsche Taycan: Meet The SAIC Z7

SAIC just dropped something hard to ignore. The new Z7 looks a lot like a Porsche Taycan, but the price sits in a totally different world.It starts at 219,800 yuan, or about $32k. For that kind of

AutoExpert
Kimera Just Built the Martini Rally Dream Car Fans Always Wanted - Photo
Car News
Kimera Just Built the Martini Rally Dream Car Fans Always Wanted

The Kimera EVO38 already felt like a love letter to old rally cars. Loud, raw, a bit crazy. Now it gets even closer to that dream spec.Meet the EVO38 Collezione Martini. Kimera revealed it in Sard

AutoExpert
Mitsuoka M55 RS: This Isn’t a Challenger… It’s a Wildly Restyled Civic - Photo
Tuning
Mitsuoka M55 RS: This Isn’t a Challenger… It’s a Wildly Restyled Civic

Mitsuoka is doing its usual trick again. Take a normal Honda Civic, give it a full makeover, and turn it into something with real character. The newest one is the M55 RS, and it leans a bit more towar

AutoExpert
The Car Color That Makes You the Most Money Later Is Probably Not the One You’d Pick - Photo
Others
The Car Color That Makes You the Most Money Later Is Probably Not the One You’d Pick

Most people treat car color like a pure taste decision. Black if they want it sleek. White if they want it safe. Gray if they have given up emotionally.Fair enough. But color is not just about wha

AutoExpert
Your Car Is Probably Doing Helpful Stuff You Don’t Even Know About - Photo
Tips & Tricks
Your Car Is Probably Doing Helpful Stuff You Don’t Even Know About

One of the funniest things about modern cars is how much stuff they can do while most owners are still using maybe 20 percent of it.Not because people are lazy. Mostly because nobody really shows

AutoExpert
Gas Prices Are Up Again, But Most Drivers Are Wasting More Fuel Than They Realize - Photo
Tips & Tricks
Gas Prices Are Up Again, But Most Drivers Are Wasting More Fuel Than They Realize

When gas gets expensive, most people start hunting for the cheapest station in the area like it is some kind of survival skill.Fair enough. But the annoying truth is that the real savings usually

AutoExpert