Gerald Newman bought this 1970 Shelby Mustang from Golden Classics of Clearwater, Florida for $24,000 in December 2004. The following year he took the car to the All-Ford Nationals show in Carlise, PA. There he was approached by a man claiming “That’s my car!” Shortly thereafter police confiscated the vehicle, and Newman was out $24,000.
It turns out the vehicle was stolen by a Robert Morris, and immediately changed hands until it ended up at Golden Classics where Newman bought it. Morris operated a New York area auto theft ring.
Newman is basically out $24,000 and of course any appreciation and other expense he put into the car. The dealership, claiming they were victims as well, is offering to pay Newman $8000. The man who sold the car to Golden West also claims he was not aware the vehicle was stolen, is also willing to compensate Newman $8000. Recouping $16,000 isn’t too bad considering the circumstances, however Newman isn’t accepting. He has taken the case to court.
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