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Police in Brazil shut down phony factory

Police in Brazil shut down phony factory

FINANCIAL NEWS

Police in Brazil shut down phony factory


RIO DE JANEIRO – Brazilian police say they’ve shut down a clandestine factory that was producing fake Ferraris and sham Lamborghinis.

A father and son who owned the workshop in the southern state of Santa Catarina have been arrested on industrial property charges.

Police said the cars were being offered on social media for $45,000 to $60,000 – a small fraction of the price of the real thing.

Officials didn’t say what sort of parts were used to build the vehicles, but they distributed photos showing sleek bodies, as well as badges and accessories emblazoned with the Italian brands.

Monday’s raid followed a complaint by the Italian companies.

Eight partially finished vehicles were seized in the raid, and police said they are investigating how many were made.

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