Multimillion dollar catalytic converter theft ring operated out of Philadelphia towing business, prosecutors say | CNN

  • 📰 CNN
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 95%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

A Philadelphia towing company has been accused of running an organized criminal enterprise that purchased millions of dollars’ worth of stolen catalytic converters from thieves to sell at a profit, according to prosecutors

Prosecutors said TDI Towing purchased $8.2 million dollars’ worth of stolen catalytic converters from “cutters,” a name given to the thieves who steal them, and later resold them with an 8% markup. The converters, which reduce pollution and toxic gas from a vehicle’s emissions, contain valuable precious metals such as palladium, platinum and rhodium.

Williams is facing several charges related to buying, possessing, and selling stolen catalytic converters, in addition to organized crime and corruption charges, according to court documents. Williams is accused of purchasing stolen catalytic converters from “cutters” from 2020 when the Covid-19 pandemic caused supply-chain issues, resulting in a market price increase for the precious materials inside, ranging from $1,000 to $7,000 per ounce, Weintraub said.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 4. in BR

Brasil Últimas Notícias, Brasil Manchetes