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A young Vancouver man who murdered his elderly father after a dispute over the purchase of a Ferrari has been denied bail pending his appeal.

In June, a B.C. Supreme Court jury found Alexander Shevalev, 22, guilty of the March 2015 second-degree murder of Vladimir Shevalev, 80.

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The son, who was 19 at the time of the murder, had stolen $100,000 from his father’s bank account and then bought a used Ferrari.

When the father demanded the return of the vehicle, he had a confrontation with his son in his luxury Coal Harbour apartment.

The accused choked his dad from behind and then placed his body on the bed in the master bedroom, before leaving the apartment without seeking medical assistance for his father.

In his early statements to a 911 operator, the coroner and the police, Shevalev did not mention the physical confrontation, leaving authorities initially to consider the death was from natural causes.