1962 Ferrari 330 GTO Logo
The 1962 Ferrari 330 GTO was based on a Ferrari 250 GT derived chassis with a competition four liter engine, hence the large bump on the hood. Getty Images

Man Steals $300,000 Ferrari and Gets Arrested After Asking for Gas Money, Police Say

Nov 29, 2017

(SAN DIEGO) — A Southern California man charged with stealing a $300,000 Ferrari was arrested after reportedly asking for gas money.

Santa Ana police arrested Israel Perez Rangel on Nov. 1. He's pleaded not guilty to car theft.

Authorities say the 458 Spider was brought into a Costa Mesa service center but stolen in October after a worker left the key on a passenger seat.

Security video showed a man in a Ferrari jacket walking onto the lot and taking it.

Two weeks later, it showed up trashed at a Santa Ana Mobil station where Rangel was asking for gas money. He fled but was found in some bushes.

The Los Angeles Times says insurers paid the owner, Susan Friedman of Laguna Beach. She used the money to buy a 2018 Lamborghini Huracan.

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