Fake Ferrari car racket busted

Fake Ferrari car racket busted

MADRID, Community of Madrid - Spanish police said Wednesday they have broken up a racket by fraudsters who converted ordinary cars to resemble deluxe models such as Ferraris and sold them on the Internet.

Officers raided two garages where the conversions were carried out near the eastern city of Valencia, a police statement said.

They arrested eight people suspected of converting and selling the cars and seized 10 cars -- 17 fake Ferraris and two imitation Aston Martins.

"The supposed deluxe cars were advertised on two websites for about 40,000 euros ($53,000), compared to the more than 200,000 euros that an authentic model would cost on the legal market," the police said.

The suspects "themselves made the fibre-glass pieces to transform the cars" and faked the badges of the deluxe models to complete the job.

"The final appearance of the supposed deluxe vehicles -- in their external and internal design and even in the details of the engine -- simulated to perfection the look of the original models," the statement said.

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