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Michigan man gets jail time for Ferrari engine sale

Tax evasion is not something to mess about with. Ask Al Capone. For most of us that sell stuff, though, it's not something we really think about. Are you honestly going to pay taxes on that old iPhone 5 you sold? The couch with the questionable stain? No, because paying tax on something you sold for a relative pittance is just a pain in the butt. If you sell one of Aurelio Lampredi's Ferrari engines – used in a range of vintage racers, including the 750 Monza shown above – for over $600,000, you might want to make a point of paying the taxes on your profits. A Michigan man found that out the hard way, Reuters reports, after selling the Lampredi engine in 2009. 71-year-old Terry Myr of Smiths Creek, MI, was convicted in April of tax evasion and four counts of failing to file a tax return and was sentenced to two years in prison and two years of supervised release on Thursday. He was also ordered to pay $738,904 in back taxes, interest, and penalties – he already owed $195,000 in back taxes before his conviction – by a US District Court judge, Reuters reports. Now, this wasn't a simple case of Myr forgetting to set some money aside from the sale. The buyer wire-transferred the $610,000 into a corporate account he made the week prior. Then, Myr promptly withdrew $360,000, which he used to buy silver and gold coins, while the remainder was transferred to other accounts – be they personal or corporate – or simply used for checks to cash. Hence the tax evasion charge. According to Reuters, no explanation was given as to how Uncle Sam uncovered the engine sale in the first place. Related Video:

Touring Superleggera Berlinetta Lusso makes us swoon [w/video]

For the past three years, we've been fortunate enough to have the folks at Carrozzeria Touring Superleggera bring something very special to the Geneva Motor Show: the Alfa Romeo 8C-based Disco Volante. First, it showed up in red (twice), and then last year, arrived in a very stunning shade of green. If we're honest, we were kind of hoping there'd be a further evolution of the Disco on display at this year's show, but then Touring unveiled the beauty you see here. Meet the Ferrari F12-based Berlinetta Lusso. What we really like about the Berlinetta Lusso is how closely it resembles the F12 on which its based, but with some rough edges smoothed out. Despite looking similar, almost the entire body is new, with smoother creases and more retro-inspired design cues. Honestly, to our eyes, it looks better than the Prancing Horse's original. Mechanically, it's pretty much all F12 underneath, right down to the screaming 6.3-liter V12 with 703 horsepower. We certainly don't have any complaints about that. Get a load of this beauty in the images above, and video below.

Buy Ferrari's F1 motorhomes and start your own Scuderia [w/videos]

The single-seat racecars themselves may be the most impressive bits of machinery a Formula One team brings to the circuit, but the vehicles you see on the track are not the end of the story. The trucks in which they're transported and which serve as mobile bases for the team's trackside operations are almost as impressive in their own right, and now a pair of these tractor-trailers are available for sale. Only they're not from just any team – they're from Scuderia Ferrari. This pair of transporters include two scarlet red Iveco Stralis tractors and a pair of matching custom trailers made by AstaCar in Reggio Emilia, just 45 minutes down the autostrada from Maranello. One trailer was made to transport the F1 cars, and the other as a mobile office and repair shop. They can deploy once parked to a height of 23 feet for two floors and cover an area of over 2,000 square feet. The trailers were commissioned by Ferrari back in 2003 during the height of the Michael Schumacher era. They were used by the team as its rolling base of operations and trackside hospitality at grands prix across Europe for ten years, upgraded incrementally along the way until they were replaced halfway through last season. They've even still got the nameplates of former team principal Stefano Domenicali and drivers Fernando Alonso and Felipe Massa on the doors. The constructor is putting them up for sale, and while they wouldn't disclose for publication how much they're asking for the pair, commissioning a new setup like this one – complete with tractors, trailers and all the fixins – would set you back a cool ˆ2 million (about $2.5 million at today's rates) plus applicable taxes. Whether they're worth less than that now for their wear or whether the championships and race wins that were orchestrated from these rolling pieces of racing history make them even more valuable is a matter the buyer will need to negotiate with the seller, but you're invited to scope 'em out on the sale page and in the images above, as well as the videos of the manufacturer's work below. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.