Criminal Ring GOES DOWN – Law Enforcement Catches Them!

Catalytic Converter Theft Ring Busted

Catalytic Converter Theft Ring Busted

(DailyVantage.com) – Over the past few years, catalytic converter theft has significantly increased. These parts are especially popular with thieves because they’re worth a pretty penny, containing the rare metals rhodium, platinum, and palladium. The price for the metals at scrap yards increased in the wake of the COVID-19 pandemic when production dropped or stopped. Thieves swipe the parts off cars, leaving them inoperable, and trade them or extract and sell the powdered metals. The Justice Department (DOJ) recently arrested 21 people in connection with the ongoing thefts.

The suspects the Feds nabbed hail from five states, including Oklahoma and California. The majority — 15 of them — allegedly purchased the stolen parts from the criminals and then sold them to DG Auto in New Jersey. The remaining six suspects reportedly worked at DG Auto. The accusations state the workers de-canned the parts to extract metals and sold them to a metal refinery, making tens of millions of dollars in the process.

According to the DOJ announcement, authorities searched and confiscated assets in nine states. Charges against the suspects include conspiracy to commit money laundering, conspiracy to transport stolen catalytic converters, and conspiracy to receive stolen catalytic converters, among others.

The DOJ worked with several local, state and federal agencies to bring down what it suspects is an organized theft ring.

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