Current:Home > NewsCalifornia family behind $600 million, nationwide catalytic converter theft ring pleads guilty -FundWay
California family behind $600 million, nationwide catalytic converter theft ring pleads guilty
View
Date:2025-04-15 09:47:34
Three members of California family pleaded guilty to their roles in a $600 million nationwide catalytic converter theft ring that operated over a three-year period, prosecutors say.
The Vang family were part of a nationwide catalytic converter theft ring that ceased operations in October of 2022 after authorities coordinated a takedown of thieves, dealers and processors over a $600 million sale to a metal refinery.
Monica Moua, 58, and her two sons Tou Sue Vang, 32, and Andrew Vang, 28 were paid over $38 million to transport stolen catalytic converters from California to New Jersey, federal prosecutors from the Eastern District of California announced Monday. All pleaded guilty to conspiring to transport stolen catalytic converters from California to New Jersey in return for the multi-million dollar payments.
Tou Sue Vang also pleaded guilty to an additional 39 charges related to money laundering.
Nine people, including members of the Vang family, out of 21 people believed to be involved in the ring, will face charges in California.
Catalytic converter thefts:Drive a Ford, Honda or Toyota? Good news: Catalytic converter thefts are down nationwide
How did the family sell so many catalytic converters?
Prosecutors said the Vang family ran the operation from their home in Sacramento. After purchasing stolen catalytic converters from local thieves, they shipped the catalytic converters to DG Auto Parts, an LLC registered in New Jersey.
Six people who were managing multiple DG Auto locations in New Jersey had knowingly purchased the stolen catalytic converters and extracted the metal powders in the catalytic converter core, federal prosecutors allege.
The group then proceeded to sell the powders to a metal refinery for money.
Monica Moua and Andrew Yang are both facing up to five years in prison, while Tou Sue Vang could potentially serve anywhere between 5 and 20 years per count, in addition to fines that carry different stipulations per charge.
Midsized vehiclesSeven midsized cars went through a crash safety test. These three received 'poor' ratings.
What makes a catalytic converter so valuable?
The part itself isn’t as valuable as what’s inside it.
Catalytic converters were designed to reduce the amount of toxins and pollutants inside a vehicle’s internal combustion engine.
Precious metals inside the catalytic converter’s core including palladium, platinum, rhodium can be sold for large profit. Some of the metals found in the core are more valuable than an ounce of gold, according to the U.S. Attorney’s Office.
The amount of money paid for a stolen catalytic converter can vary based on the model of the vehicle and its location, but the part's can generally get $1,000 a piece.
The state of California accounts for 37% of all catalytic converter theft claims reported around the country, with approximately 1,600 stolen monthly in 2022.
veryGood! (459)
Related
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- Sneak(er)y Savings: A Guide to Hidden Hoka Discounts and 57% Off Deals
- Jill Biden tells Arizona college graduates to tune out people who tell them what they ‘can’t’ do
- Integration of Blockchain and AI: FFI Token Drives the Revolution of AI Financial Genie 4.0
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- Virginia school district restores names of Confederate leaders to 2 schools
- Vasiliy Lomachenko vs George Kambosos Jr. live updates: How to watch, stream fight, predictions
- Catalan separatists lose majority as Spain’s pro-union Socialists win regional elections
- The Best Stocking Stuffers Under $25
- The Eagles at the Sphere in Las Vegas? CEO seems to confirm rumors on earnings call
Ranking
- Where will Elmo go? HBO moves away from 'Sesame Street'
- 10 best new Broadway plays and musicals you need to see this summer, including 'Illinoise'
- Toddler dies in first US hot car death of 2024. Is there technology that can help save kids?
- Rafael Nadal still undecided on French Open after losing in second round in Rome
- Average rate on 30
- Backcountry skier dies after being buried in Idaho avalanche
- With the shock of Oct. 7 still raw, profound sadness and anger grip Israel on its Memorial Day
- Small pro-Palestinian protests held Saturday as college commencements are held
Recommendation
2 killed, 3 injured in shooting at makeshift club in Houston
Sean Diddy Combs asks judge to dismiss sexual assault lawsuit
US special operations leaders are having to do more with less and learning from the war in Ukraine
Commuter rail service in northeast Spain has been disrupted by theft of copper cables near Barcelona
The company planning a successor to Concorde makes its first supersonic test
Chad Michael Murray Shares Daughter’s Reaction to Watching A Cinderella Story
1 teen killed, 1 seriously wounded in Delaware carnival shooting
Rangers lose in 2024 NHL playoffs for first time as Hurricanes fight off sweep