Sad situation for many..

[AC Bill]

Something seems fishy about this damn whole thing. I hope some compensation is rec'd by the innocent owners

https://www.cbc.ca/news/canada/ontario-classic-car-theft-ring-1.7336571

 

[2001BlackGTvert]

Wow that is so sad!!! I don’t blame them for being upset.

 

[Ohtobbad]

thats wild, how do you check on something 5-60- plus years old, they gave you a title at DMV
something not right here.

 

[AC Bill]

You would expect that the partner of the dealership who claimed to have been ripped off by his partner, should have been compensated by his insurance company. It was theft.

 

[Ohtobbad]

You would expect that the partner of the dealership who claimed to have been ripped off by his partner, should have been compensated by his insurance company. It was theft.

if he collected insurance money and now has car back, he could be made to pay back that money.
But considering the work done on cars and value now, hes still ahead,
make you wonder if people who bought and did alot of work have and recourse
to get some of thier money back.

I have a feeling this is far from over.

 

[67 AGAIN]

thats wild, how do you check on something 5-60- plus years old, they gave you a title at DMV
something not right here.

The cars were not reported stolen yet when they were first registered.
No amount of checking could know they were stolen.

 

[67 AGAIN]

if he collected insurance money and now has car back, he could be made to pay back that money.
But considering the work done on cars and value now, hes still ahead,
make you wonder if people who bought and did alot of work have and recourse
to get some of thier money back.

I have a feeling this is far from over.

If insurance was collected, which is not clear that it was in this case, seized stolen goods can be returned to the insurance company.
They decide how to dispose of the goods to recover some of the money they paid out.

 

[Ohtobbad]

Interesting I did not know that
So not automatically goes back to original owner

 

[67 AGAIN]

Interesting I did not know that
So not automatically goes back to original owner

No, not automatic.
Part of the police investigation.
Police work with Insurance Bureau of Canada to determine if payout has been done and to prevent insurance fraud happening.

Judge in criminal cases can also make orders of disposal.

 

[Mcdavis]

The whole thing is crazy, you feel, so sorry for the “owners”.

 

[S197CS]

Yikes... this sucks! Sad not only for the person which though they were owning their dream cars, but sad for the entire hobby at the same time. Let's just say it makes one second guess the deal on the next hot rod for sale nearby ...