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