Feds Bust Nationwide Catalytic Converter Theft Ring

• The U.S. Justice Division yesterday stated it busted a nationwide crime community liable for stealing numerous catalytic converters.
• The theft ring is alleged to have made tens of thousands and thousands of {dollars} off of the stolen catalytic converters.
• The feds have arrested 21 folks in 5 states and are in search of over $545 million in forfeitures.

If you happen to’re one of many individuals who just lately had their catalytic converter ripped out and stolen from beneath their automotive, the feds might need simply busted the criminals who did it. That is as a result of the U.S. Justice Division yesterday introduced that it took down a nationwide catalytic converter theft ring.

What’s a catalytic converter? It is primarily an anti-pollution system that is a part of a car’s exhaust system, and it comprises valuable metals that may be bought for some huge cash. If you happen to’re questioning how a lot cash, the FBI stated the community of thieves, sellers, and processors made tens of thousands and thousands of {dollars} off the stolen components.

As a part of the takedown that concerned regulation enforcement officers on the native, state, and federal ranges, 21 folks in 5 states have been arrested and charged in two separate indictments.

Federal grand juries in California and Oklahoma have filed separate expenses for conspiracy to move stolen catalytic converters and conspiracy to commit cash laundering, amongst different related chargers. In whole, the U.S. authorities is in search of over $545 million in forfeitures.

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