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Precious Metals
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$550M Sought From New Jersey Thieves In Federal Catalytic Converter Crackdown
Catalytic converter thieves across the US could soon have to cough up $550 million as part of a federal, state and local crackdown on the thefts and resales that turned a massive profit, authorities announced. The Department of Justice announced on Wednesday, Nov. 2 that it will be seeking forfeiture from those responsible for the trend of vehicle parts being stolen and resold for massive profits. In total, 21 people in five states have been charged following busts, searches, and seizures in the following states, according to the DOJ: California; Oklahoma; Wyoming; Minnesota; New Jersey;…