$1M In Cash, $2M In Luxury Cars, 200 Catalytic Converter Pallets Seized In Federal NJ Bust

A Homeland Security investigation netted eight area arrests, including six in Newark, as part of a nationwide takedown of a large catalytic converter and stolen car ring.

Evidence seized in HSI catalytic converter bust.
Photo Credit: *HSI*

Jon Craig

11/03/2022 11:43 a.m.

HSI and FBI agents seized more than 200 pallets of catalytic converters, $2 million in exotic cars, $1 million in cash and 29 ounces of gold bars, jewelry and high-value handbags as part of the operation.

"This criminal enterprise involved multiple suspects across the country," said Special Agent In Charge Ricky J. Patel of HSI Newark.

A total of 21 suspects were arrested in eight states.

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