What collector cars would you buy with ill-gotten $8.7 million?

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1932
Embezzle
A 1969 Shelby GT500 Mustang probably much like this one was among the vehicles purchased with ill-gotten funds

So you’ve just embezzled $8.7 million and you’re into collector cars. So what do you buy?

Well, if you’re 55-year-old former construction company controller Sue O’Neill and her as-yet unidentified partner, you buy a pair of 1969 Shelby GT500 Mustangs — a fastback and a convertible — and a 1953 Mercury Monterey, a 1966 Pontiac GTO, a 1969 Ford Mustang (on which they spent more than $160,000 restoring) and a 1978 Chevrolet Corvette.

At least that’s what the Equipment World website reports, adding that O’Neill and her partner also bought some construction equipment, including a track loader, excavator and trailers.

The website also reported that O’Neill pled guilty and agreed to pay mandatory restitution including more than $400,000 in back taxes and fines. She faces as much as 20 years in prison, with the court scheduled to make that determination in March, 2020.

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A former daily newspaper sports editor, Larry Edsall spent a dozen years as an editor at AutoWeek magazine before making the transition to writing for the web and becoming the author of more than 15 automotive books. In addition to being founding editor at ClassicCars.com, Larry has written for The New York Times and The Detroit News and was an adjunct honors professor at the Walter Cronkite School of Journalism and Mass Communication at Arizona State University.

4 COMMENTS

  1. Well, I’d buy a 69 Z-28 and a 1967 or 68 Camaro SS, a Chevelle SS, a 69 GTO and a 69 Olds 442 convertible among other things.
    But, then, I would be smart enough to live outside of the US jurisdiction so I could keep the money and cars/

  2. The other cars I get, but why a ’78 Corvette? In ’79 I bought a ’69 Mustang notch back with a 302 and a three on the floor with a two barrel carburetor. My favorite thing to do on the turnpike was to was till a new Vette tried to over take me, and then, in third gear, slowly increase my speed till I motored away from it. all the while enjoying the look of consternation of the Vette’s driver’s face in the mirror. Why would anyone want such a dog?

  3. $8.7 million? Well now: ’64 GTO post coupe 389 3×2/4spd/4.33 axle; ’69 GTO Judge 4spd carousel red; ’73 Porsche Carrera RS 2.7; ’28 Bentley 4.5 litre short chassis Birkin spec LeMans; ’30 Bentley 4.5 litre Blower; ’32 Invicta S low chassis; ’78 Ferrari 308 GTB with the 288 GTO steel bodykit; ’64 Plymouth SportFury 426 wedge/4spd; any year Mercedes-Benz 600 Pullman armored limousine; the "Munster’s Coach"; ’19 Challenger Hellcat; Mercedes-Benz E class AMG wagon; any Land Rover Defender 110. Probably get some bikes, too- MV Agusta, Nortons & Triumphs, a Laverda Jota for sure, and one of those insane Confederate creations.
    And of course citizenship in a country without an extradition treaty with the US, where a little $ goes a long way.

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