Multimillion-Dollar Catalytic Converter Theft Operation Thwarted By US Law Enforcement | Carscoops carscoops
— more so than the price of gold. By the same token, they have no unique identifying or VIN information, making it impossible to track them. For these reasons, they’re a tempting target for someone wanting to make a quick buck.of the US Department of Justice revealed the names of the individuals accused, as well as other info.
According to court papers, stolen catalytic converters would be sold illegally and dispatched to the accused DG Auto Parts LLC in New Jersey for a “de-canning” process. De-canning is the term given to extracting high-value metal powders from the component. An unnamed metal refinery then purchased the illegally obtained metal from DG Auto for more than $545 million. DG Auto reportedly paid tens of millions of dollars for shipments while being aware that they were paying for stolen items.
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