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WEKU
WEKU
National
Ayana Archie

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

The exhaust pipe of an abandoned car missing its catalytic converter, rests on the ground in Philadelphia, Thursday, July 14, 2022. (Matt Rourke/AP)

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.

A team of law enforcement agencies at the local, state and federal levels seized hundreds of millions of dollars in assets, such as homes, bank accounts and cash, cars and jewelry from the defendants. They are being charged with conspiracy to transport stolen catalytic converters, conspiracy to commit money laundering, and more.

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