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Old 11-23-2010, 03:37 PM   #1
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Sucks to be you: Gov't seizes $235,000 Ferrari and BMW after drivers caught racing in

They're sexy, sleek and can burn up the road above and beyond the speed limit and the drivers of a $235,000 Ferrari Scuderia and a BMW M6 have both lost their dream machines thanks to B.C.'s beefed up civil forfeiture laws.

The drivers were busted doing about 200 km/h along North Vancouver's Mount Seymour Parkway in September with the Ferrari narrowly missing a mother walking with her children.

After being stopped by North Vancouver RCMP, both drivers were given immediate 15-day driving bans.

Whether RCMP and the Civil Forfeiture Office seize vehicles depends on specific criteria, such as the speed the vehicles were travelling, the regard for the safety of others, and whether there is potential for catastrophic injury or death. This road race met the criteria and the vehicles were impounded.

"When a vehicle has killed or injured someone, it's too late. Our laws now work to take vehicles away from reckless drivers before they hurt someone because they are demonstrating no regard for the safety of themselves or others on our roads," said Solicitor General Rich Coleman.

Of the Ferrari sale proceeds, 50 per cent will go to a relative of the driver who was part owner but was not involved in the incident. The province will receive 20 per cent and the driver, 30 per cent. Proceeds from the BMW sale will go first to cover the costs of storage and disposal, and repaying a bank debt on the vehicle. Out of the remaining proceeds, 30 per cent will go to the province and 70 per cent to the driver. From the total proceeds from both vehicles, the province will receive an estimated $100,000.

The province has an agreement in place to sell the Ferrari to a local dealership at a set price of $235,000, but the amount received for the BMW will depend upon an auction. The BMW will be auctioned on the province's BC Auction website at

To date, cash and assets valued at more than $13 million have been forfeited to the province, including $4.4 million since April 1, 2010.

Copyright (c) The Province

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Old 11-23-2010, 03:39 PM   #2
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This is the second thread in a few minutes... and the third one on RS lol.
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2002 Acura RSX (Sold)
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Old 11-25-2010, 06:28 PM   #3
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What a joke...
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