Catchy title, right? Well it's true, the FBI is being sued by a Detroit insurer after an agent crashed a $750,000 Ferrari F50 into a tree! The lawsuit alleges that he dun goofed, real bad.
As for the Ferrari itself, it began its life in a dealership in Pennsylvania where it was stolen in September of 2003. The dealer submitted a claim for the stolen vehicle to their insurance company, who paid them their claim. Five years later in 2008, the vehicle was found in Kentucky and was held by the FBI as they investigated the case.
After the crash, the insurer submitted a claim to the FBI for the cost of the Ferrari, and was denied on two separate occasions, hence the lawsuit.