Imprisoned contractor Bobby Ferguson has another repo man on his back: Ford Motor Credit, which is suing him over a missing 2010 Ford Mustang Shelby convertible.
According to a complaint filed Tuesday in Wayne County Circuit Court, Ferguson and his mistress hid the $56,270 black Mustang after Ferguson defaulted on the loan and went to prison for his role in the public corruption scheme involving former Detroit Mayor Kwame Kilpatrick.
Ferguson got 21 years; Kilpatrick got 28.
The missing Mustang is one of several assets that Ferguson has been accused of stashing away since being targeted in a federal investigation that ensnared him and several others.
Just weeks after Ferguson’s March 11 conviction, the government seized $400,000 in assets that it said Ferguson was hiding from authorities.
Soon after, records show, a series of prison phone calls captured Ferguson plotting with a girlfriend to get money out of a safety deposit box in Alabama. At the same time, Ferguson was telling a federal judge he could not afford a lawyer for a separate bid-rigging case, so the judge gave him a court-appointed attorney.
Ferguson also has been sued over three missing construction trucks, believed to be red, white and blue. A repo man served Ferguson with a subpoena over the missing trucks in August 2012, while Ferguson was walking in front of the federal courthouse in downtown Detroit.
To date, the government has seized more than $2.2 million from Ferguson, whose latest woes include a divorce filing by his wife and the missing Shelby, a high-performance, limited-edition Mustang.
Ford Credit believes Ferguson has it, and “has refused to surrender” it, according to the lawsuit.
“Ford Credit is fearful that the defendants may attempt to convert, transfer, remove or otherwise dispose of the vehicle, which would result in a substantial loss to Ford credit,” Ford lawyer Anthony Polce wrote in the lawsuit. Ferguson still owes $35,314 on the car loan.
The lawsuit also names Ferguson’s girlfriend, Lacresha Ware, who could not be reached for comment. Ferguson’s lawyer also could not be reached for comment.
According to the lawsuit, Ferguson bought the Mustang on March 16, 2010. Nine months later, he and Kilpatrick were indicted on racketeering charges.
Courtesy of the Detroit Free Press