Buried Dino 246 GTS Incident
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Buried Dino 246 GTS Incident
In January 1978, a stolen 1974 Dino 246 GTS was discovered buried in a yard in Los Angeles. The find gathered extensive national media attention, although the origins and fate of the car remained a mystery for some time. The car was eventually revealed to have been involved in a more complicated and fraudulent scheme than was first thought. Incident Disappearance After leaving their anniversary dinner on the evening of December 7, 1974, the original owner of the vehicle, Rosendo Cruz, and his wife, discovered that the vehicle had been stolen. It had been bought only two months earlier, in October, by Cruz, as a present to his wife who had only driven it for about before it disappeared. In the police report filed afterwards, Cruz stated that after "...noticing a suspicious gleam in the valet’s eye..." he decided to park the car himself some distance from the restaurant. Discovery In February 1978, two boys were playing outside their Los Angeles home, digging in the yard, when on ...
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Los Angeles, California
Los Angeles ( ; es, Los Ángeles, link=no , ), often referred to by its initials L.A., is the largest city in the state of California and the second most populous city in the United States after New York City, as well as one of the world's most populous megacities. Los Angeles is the commercial, financial, and cultural center of Southern California. With a population of roughly 3.9 million residents within the city limits , Los Angeles is known for its Mediterranean climate, ethnic and cultural diversity, being the home of the Hollywood film industry, and its sprawling metropolitan area. The city of Los Angeles lies in a basin in Southern California adjacent to the Pacific Ocean in the west and extending through the Santa Monica Mountains and north into the San Fernando Valley, with the city bordering the San Gabriel Valley to it's east. It covers about , and is the county seat of Los Angeles County, which is the most populous county in the United States with an estim ...
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Vehicle Theft
Motor vehicle theft (also known as a car theft and, in the United States, grand theft auto) is the criminal act of stealing or attempting to steal a motor vehicle. Nationwide in the United States in 2020, there were 810,400 vehicles reported stolen, up from 724,872 in 2019. Property losses due to motor vehicle theft in 2020 were estimated at $7.4 billion. There were 505,100 car thefts in the EU in 2019, a 43% decrease from 2008. Methods Some methods used by criminals to steal motor vehicles: * Theft of an unattended vehicle without a key: the removal of a parked vehicle either by breaking and entry, followed by hotwiring or other tampering methods to start the vehicle, or else towing. In London, the police say that 50% of the annual 20,000 car thefts are now from high-tech OBD (Onboard Diagnostic Port) key-cloning kits (available online) and bypass immobilizer simulators. * Taking without owner's consent (TWOC): the unauthorized use of a car short of theft. This term is use ...
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Insurance Fraud
Insurance fraud is any act committed to defraud an insurance process. It occurs when a claimant attempts to obtain some benefit or advantage they are not entitled to, or when an insurer knowingly denies some benefit that is due. According to the United States Federal Bureau of Investigation, the most common schemes include premium diversion, fee churning, asset diversion, and workers compensation fraud. Perpetrators in the schemes can be insurance company employees or claimants. False insurance claims are insurance claims filed with the fraudulent intention towards an insurance provider. Insurance fraud has existed since the beginning of insurance as a commercial enterprise.Manes, Alfred. "Insurance Crimes."
p. 34.
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Dino 206 GT And 246 GT
The Dino 206 GT, 246 GT and 246 GTS are V6 mid-engined sports cars produced by Ferrari and sold under the Dino marque between 1967 and 1974. The Dino 246 was the first automobile manufactured by Ferrari in high numbers. It is lauded by many for its intrinsic driving qualities and groundbreaking design. In 2004, ''Sports Car International'' placed the car at number six on its list of Top Sports Cars of the 1970s. '' Motor Trend Classic'' placed the 206/246 at number seven in their list of the 10 "Greatest Ferraris of all time". Dino 206 GT The production Dino 206 GT was designed by Aldo Brovarone and Leonardo Fioravanti at Pininfarina and built by Scaglietti. It had the soft edges and curving lines typical of earlier Italian cars, unlike its angular successor, the 308 GT4. It was named after Enzo Ferrari's late son Alfredo who was affectionately known as Dino to his family. The 206 GT used a transverse-mounted 2.0 litre all-aluminium, 65-degree V6 engine with dual overhe ...
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Los Angeles
Los Angeles ( ; es, Los Ángeles, link=no , ), often referred to by its initials L.A., is the largest city in the state of California and the second most populous city in the United States after New York City, as well as one of the world's most populous megacities. Los Angeles is the commercial, financial, and cultural center of Southern California. With a population of roughly 3.9 million residents within the city limits , Los Angeles is known for its Mediterranean climate, ethnic and cultural diversity, being the home of the Hollywood film industry, and its sprawling metropolitan area. The city of Los Angeles lies in a basin in Southern California adjacent to the Pacific Ocean in the west and extending through the Santa Monica Mountains and north into the San Fernando Valley, with the city bordering the San Gabriel Valley to it's east. It covers about , and is the county seat of Los Angeles County, which is the most populous county in the United States with an estim ...
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Los Angeles Times
The ''Los Angeles Times'' (abbreviated as ''LA Times'') is a daily newspaper that started publishing in Los Angeles in 1881. Based in the LA-adjacent suburb of El Segundo since 2018, it is the sixth-largest newspaper by circulation in the United States. The publication has won more than 40 Pulitzer Prizes. It is owned by Patrick Soon-Shiong and published by the Times Mirror Company. The newspaper’s coverage emphasizes California and especially Southern California stories. In the 19th century, the paper developed a reputation for civic boosterism and opposition to labor unions, the latter of which led to the bombing of its headquarters in 1910. The paper's profile grew substantially in the 1960s under publisher Otis Chandler, who adopted a more national focus. In recent decades the paper's readership has declined, and it has been beset by a series of ownership changes, staff reductions, and other controversies. In January 2018, the paper's staff voted to unionize and final ...
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Toledo Blade
''The Blade'', also known as the ''Toledo Blade'', is a newspaper in Toledo, Ohio published daily online and printed Thursday and Sunday by Block Communications. The newspaper was first published on December 19, 1835. Overview The first issue of what was then the ''Toledo Blade'' was printed on December 19, 1835. It has been published daily since 1848 and is the oldest continuously run business in Toledo. David Ross Locke gained national fame for the paper during the Civil War era by writing under the pen name Petroleum V. Nasby. Under this name, he wrote satires ranging on topics from slavery, to the Civil War, to temperance. President Abraham Lincoln was fond of the Nasby satires and sometimes quoted them. In 1867 Locke bought the ''Toledo Blade''. The paper dropped "Toledo" from its masthead in 1960. In 2004 ''The Blade'' won the Pulitzer Prize for Investigative Reporting with a series of stories entitled "Buried Secrets, Brutal Truths". The story brought to light the stor ...
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Associated Press
The Associated Press (AP) is an American non-profit news agency headquartered in New York City. Founded in 1846, it operates as a cooperative, unincorporated association. It produces news reports that are distributed to its members, U.S. newspapers and broadcasters. The AP has earned 56 Pulitzer Prizes, including 34 for photography, since the award was established in 1917. It is also known for publishing the widely used '' AP Stylebook''. By 2016, news collected by the AP was published and republished by more than 1,300 newspapers and broadcasters, English, Spanish, and Arabic. The AP operates 248 news bureaus in 99 countries. It also operates the AP Radio Network, which provides newscasts twice hourly for broadcast and satellite radio and television stations. Many newspapers and broadcasters outside the United States are AP subscribers, paying a fee to use AP material without being contributing members of the cooperative. As part of their cooperative agreement with the AP, most ...
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Insurance Fraud
Insurance fraud is any act committed to defraud an insurance process. It occurs when a claimant attempts to obtain some benefit or advantage they are not entitled to, or when an insurer knowingly denies some benefit that is due. According to the United States Federal Bureau of Investigation, the most common schemes include premium diversion, fee churning, asset diversion, and workers compensation fraud. Perpetrators in the schemes can be insurance company employees or claimants. False insurance claims are insurance claims filed with the fraudulent intention towards an insurance provider. Insurance fraud has existed since the beginning of insurance as a commercial enterprise.Manes, Alfred. "Insurance Crimes."
p. 34.
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Chop Shop
A chop shop is a business, often mimicking a body shop, that illicitly disassembles stolen motor vehicles and sells their parts. Chop shops are often linked to car-theft rings as part of a broader organized crime enterprise. In the United States, the federal Motor Vehicle Theft Law Enforcement Act of 1984 and Federal Anti-Car Theft Act of 1992, as well as U.S. Department of Transportation regulations issued under those acts, require automobile manufacturers to label many different auto components (with some exemptions for new automobiles with selected anti-theft devices). A 1999 study commissioned by the U.S. Department of Justice's National Institute of Justice estimated that parts marking reduced the rate of professional car theft (with "between 33 and 158 fewer cars" being "stolen by professional thieves per 100,000 cars that were marked between 1987 and 1995"), inhibiting chop-shop operations. See also *Carjacking *Motor vehicle theft *Pawn shop References External lin ...
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Farmers Insurance
Farmers Insurance Group (informally Farmers) is an American insurer group of vehicles, homes and small businesses and also provides other insurance and financial services products. Farmers Insurance has more than 48,000 exclusive and independent agents and approximately 21,000 employees. Farmers is the trade name for three reciprocal insurers, Farmers, Fire, and Truck owned by their policyholders. The non-claims activities of Farmers are managed by an attorney in fact, Farmers Group Inc, which is a wholly owned subsidiary of Swiss-based Zurich Insurance Group. History 1922 to 2000 ;1922 Farmers' future co-founders John C. Tyler and Thomas E. Leavey first met after Tyler moved to California. Tyler and Leavey had both grown up with rural backgrounds and believed that farmers and ranchers, who had better driving records than urbanites, deserved lower insurance premiums. During the 1920s, farmers across the United States were establishing their own mutual insurance firms and cooper ...
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Ferrari
Ferrari S.p.A. (; ) is an Italian luxury sports car manufacturer based in Maranello, Italy. Founded by Enzo Ferrari (1898–1988) in 1939 from the Alfa Romeo racing division as ''Auto Avio Costruzioni'', the company built its first car in 1940, and produced its first Ferrari-badged car in 1947. Fiat S.p.A. acquired 50% of Ferrari in 1969 and expanded its stake to 90% in 1988. In October 2014, Fiat Chrysler Automobiles (FCA) announced its intentions to separate Ferrari S.p.A. from FCA; as of the announcement FCA owned 90% of Ferrari. The separation began in October 2015 with a restructuring that established Ferrari N.V. (a company incorporated in the Netherlands) as the new holding company of the Ferrari S.p.A. group, and the subsequent sale by FCA of 10% of the shares in an IPO and concurrent listing of common shares on the New York Stock Exchange. Through the remaining steps of the separation, FCA's interest in Ferrari's business was distributed to shareholders of FCA, ...
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