new jersey catalytic converter theft
A nationwide bust of a multimillion-dollar catalytic converter theft ring included the charging of a Holmdel man and five other New Jersey residents according to. State lawmakers are looking to.
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| 21 People Arrested In 545 Million Catalytic Converter Theft Scheme |
NEW JERSEY - Federal.
. Catalytic converter theft can happen anywhere however here are just a few examples of catalytic converter theft in New Jerseys major cities. The US Department of Justice said many stolen converters were sold to DG Auto Parts LLC of Freehold New Jersey which allegedly sold precious metal powders it extracted. Federal agents raided the New Jersey mansion of a businessman allegedly involved in a nationwide stolen catalytic converter ring that brought in more than 38 million in stolen. Nov 03 2022 448amUpdated on Nov 03 2022.
Officials said that in 2020 thefts of catalytic converters increased 325 in just one year. Mar 17 2022 301pmUpdated on Mar 17 2022. 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. Thieves Steal Catalytic Converters From.
The indictment says ring members sold catalytic converters to recycling businesses in New York and New Jersey. Theyre asking for 545 million in forfeitures including cash cars and real. A New Jersey business knowingly trafficked catalytic converters stolen from around the country in a scheme that netted more than 545 million in illicit gains federal authorities. Operation arresting 21 defendants and.
Authorities on Wednesday said they have taken down a nationwide ring to steal thousands of catalytic converters from cars and trucks charging 21 people and seizing. Long Island is seeing a massive spike in catalytic converter thefts with officials saying Nassau County has seen a nearly 250 increase so far this year. Authorities across the tri-state area are warning car owners that catalytic converter thefts are getting out of control. According to court documents catalytic converters were stolen in California and other states and transported to New Jersey where precious metal powders were taken out and sold.
Federal authorities have made 21 arrests in connection with a nationwide catalytic converter theft ring. GLOUCESTER TOWNSHIP NJ Catalytic converter thefts have seen a significant increase across the country since March 2020 the start of the global pandemic the National. Arrests searches and seizures took place in California Oklahoma Wyoming Minnesota New Jersey New York Nevada. Another attempted catalytic converter theft in the city on Chopin Court near Montgomery Street was.
FBI agents raided several New Jersey locations during a crackdown on a nationwide catalytic converter. According to court documents together the defendants bought stolen catalytic converters from thieves on the street then re-sold and shipped them to DG Auto in New. Kolitsass business Downpipe Depot received more than. The mens connection to previous similar thefts is being investigated.
A New Jersey auto shop knowingly purchased stolen catalytic converters extracted the precious metal powders and sold them to a metal refinery for over 545 million federal. Disorderly persons offenses in New Jersey carry up to six months jail time and a 1000 fine while fourth-grade felony convictions can lead to a prison sentence of 18 months. Catalytic converters are targeted for theft because they use precious metals platinum palladium or rhodium to convert harmful gases in the emissions to steam and. They say that this is because the black-market price for a catalytic converter can be over.
NEW JERSEY - The police in one Union County township. State lawmakers create bill to crack down on catalytic converter thefts.
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