Towing company charged in multi-million dollar catalytic converter theft ring

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One surveillance video shows a person inside of TDI Towing pulling a catalytic converter out of a car and cooling it off.

The Bucks County DA's office announced charges against 11 people and a Philadelphia towing company in a multi-million dollar catalytic converter theft ring.The Bucks County District Attorney's office announced charges Tuesday against 11 people and a Pennsylvania towing company in a multi-million dollar catalytic converter theft ring.

"Our goal? To put them out of business forever. A corporate death sentence," said Weintraub, who added this is the first time in his tenure he's charged an entire corporation."As you all know, criminals don't care about borders," said Weintraub. Investigators say the company bought an average 175 converters per week at about $300 each and was reselling the precious metals.

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Philadelphia towing company charged in multi-million dollar catalytic converter theft ringThe Bucks County District Attorney's office announced charges Tuesday against 11 people and a Philadelphia towing company in a multi-million dollar catalytic converter theft ring. Bucks County District Attorney Matt Weintraub says TDI Towing in Philadelphia's Port Richmond section bought $8.2 million worth of catalytic converters over three years.
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