A theft ring that allegedly made millions from catalytic converters has been busted

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A theft ring that allegedly made millions from catalytic converters has been busted
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The theft of catalytic converters has skyrocketed over the last few years, as they contain rare metals. The federal government is seeking $545 million in forfeitures from the defendants.

The exhaust pipe of an abandoned car missing its catalytic converter, rests on the ground in Philadelphia, Thursday, July 14, 2022.The exhaust pipe of an abandoned car missing its catalytic converter, rests on the ground in Philadelphia, Thursday, July 14, 2022.The Justice Department has arrested 21 people suspected of belonging to a theft ring that made millions of dollars from stolen catalytic converters, the car parts that have increasingly become targets across the country.

"This national network of criminals hurt victims across the country," FBI Director Christopher Wray said."They made hundreds of millions of dollars in the process — on the backs of thousands of innocent car owners."

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