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Precious Metals

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$550M Sought From Thieves In Federal Catalytic Converter Crackdown $550M Sought From Thieves In Federal Catalytic Converter Crackdown
$550M Sought From 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;…

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by Zak Failla
Police & Fire
Catalytic Converter Thefts On The Rise In Morris County, Police Say Catalytic Converter Thefts On The Rise In Morris County, Police Say
Catalytic Converter Thefts On The Rise In Morris County, Police Say Police have issued an alert regarding the increasing number of catalytic converter thefts being reported in the area throughout the last several weeks. The theft increase “reflects a national and statewide trend,” according to Mount Olive Township Police. Catalytic converters are often targeted due to their high potential resale values and precious metals including platinum, palladium, and rhodium, police said. Thieves typically approach unoccupied vehicles and cut the converters out from underneath using a variety of hand tools before quickly leaving the scene. Vehicle owners can deter t…

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by Valerie Musson