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Associated Press - September 5, 2008 1:24 PM ET

SHARON, Conn. (AP) - Connecticut state police say a rare Ferrari worth millions of dollars that was stolen in Spain 15 years ago has been found in Sharon.
State police say car thieves falsified documents and records for the 1958 Ferrari 250 PF, then sold it in 2000 to an apparently unsuspecting car enthusiast in Sharon for $550,000. It's worth somewhere between $4 million and $5 million.
State police say they began their investigation in June after learning the car was registered in Connecticut.
Authorities say the thieves smuggled the Ferrari into the United States and registered it in New Jersey in 1994 with a false vehicle identification number. They say the owner is a resident of Switzerland.
State Police obtained search warrant for a home in Sharon, where they located the stolen vehicle Thursday.
The investigation is continuing.
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