Magnetic engine from the past... (but is it for real?)

Read here.

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... around 1994, Troy Reed claimed to have a fuelless, pollution-free motor with around 7 kilowatts of output, powerful enough to run a house or a car. The technology received a flurry of high-level interest, including major media.
...
The technology was apparently hampered when Troy's wife and VP of the company divorced and moved to Costa Rica. Reed admitted on tape in 1999 that he had not achieved self-sustainability.
''

Smelled a bit of perpetual motion to me ... ;)