Monday 5 December 2016

Doctor who lost Ferrari in 'dream car deal' is paid €55,000

Ray Managh

Published 28/09/2016 | 02:30

Dr Eddie O’Donnell sold his Ferrari, similar to the one pictured, as part of a deal for a McLaren that never materialised.
Dr Eddie O’Donnell sold his Ferrari, similar to the one pictured, as part of a deal for a McLaren that never materialised.

A medical consultant who lost a Ferrari in a deal for a dream McLaren sports car he never received, has been paid €55,000 by the dealer he sued.

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Dr Eddie O'Donnell traded his Ferrari California with Ocean Vehicle Trading Ltd and its director Oisin Legaspi, the High Court heard.

The trade was made on the basis the Ferrari would part-finance the purchase of a 2012 McLaren MP4 12C which he said he never received.

O'Donnell earlier this month obtained temporary freezing orders against both defendants preventing them from reducing their assets below a value of €150,000.

When the case returned before the High Court, barrister Yvonne O'Gara, who appeared with Keans Solicitors, consented to an adjournment to October 12. This followed payment of the €55,000.

Read more: Doctor who was trading Ferrari for McClaren MP4 and 'never got his dream car' receives €55k

Dr O'Donnell, of The Fairways, Faithlegg, is a consultant obstetrician at Waterford Regional Hospital.

He claimed he first came into contact in 2013 with Mr Legaspi, who had then been working for another company, when he first purchased the Ferrari.

He claimed he was regularly contacted by Legaspi asking if he wanted to upgrade the Ferrari and in June last he made an arrangement to trade the car against the McLaren.

Dr O'Donnell said the car had never been delivered.

He said he later discovered the Ferrari was sold for €137,300 through a company that was dissolved in March.

Irish Independent

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