National catalytic converter theft ring that made hundreds of millions is busted, feds say [Breaking]
A national catalytic converter theft ring that generated hundreds of millions of dollars in revenue was taken down in an unprecedented federal investigation, the Department of Justice said Wednesday.
The trio bought stolen catalytic converters from local thieves and shipped them to DG Auto Parts in New Jersey for processing, authorities said. Beginning around October 2019 and continuing until last month, according to the indictment, stolen catalytic converters were shipped from Sacramento to New Jersey, and payments were sent via wire transfer from DG Auto to the Vangs’ business, including several in excess of $100,000.Catalytic converters are a part of a vehicle’s exhaust system that reduces the amount of pollutants and toxic gases discharged by the internal combustion engine.
California Gov. Gavin Newsom signed two laws Sunday that will make it harder to sell stolen catalytic converters.
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