Feds charge 4 in $21M catalytic converter theft ring

Federal officials are charging four Minnesota men in connection with a multimillion-dollar scheme to sell stolen catalytic converters to buyers across the country

Federal officials have charged four Minnesota men in a multi-million-dollar scheme to transport stolen catalytic converters to buyers in several states.

PENNSYLVANIA CATALYTIC CONVERTER RING ALLEGEDLY RESPONSIBLE FOR OVER $8M IN THEFTS: DA

U.S. Attorney Andrew M. Luger in Minneapolis announced the indictments Tuesday. All four men are charged with conspiracy to transport stolen property interstate with two of the men receiving additional charges.

From May 2020 through October 2022, the men acquired stolen catalytic converters and transported them to buyers, mostly high-volume ones in New Jersey, New York, Oklahoma and Colorado, according to court documents. The conspiracy allegedly resulted in about $21 million in payments to the men.

Thefts of catalytic converters have become problematic nationwide in recent years. Once stolen, they are often melted down for their valuable metals.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.