Indictments accuse 4 Minnesota men in a $21 million catalytic converter theft ring

2024-12-26 12:54:20 source:lotradecoin access category:Invest

MINNEAPOLIS (AP) — Federal officials have charged four Minnesota men in a multi-million-dollar scheme to transport stolen catalytic converters to buyers in several states.

U.S. Attorney Andrew M. Luger in Minneapolis announced the indictments Tuesday. All four men are charged with conspiracy to transport stolen property interstate with two of the men receiving additional charges.

From May 2020 through October 2022, the men acquired stolen catalytic converters and transported them to buyers, mostly high-volume ones in New Jersey, New York, Oklahoma and Colorado, according to court documents. The conspiracy allegedly resulted in about $21 million in payments to the men.

Thefts of catalytic converters have become problematic nationwide in recent years. Once stolen, they are often melted down for their valuable metals.

More:Invest

Recommend

Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Dropping Hints

There are spoilers ahead. You might want to solve today's puzzle before reading further! Dropping Hi

Hurricane-damaged Tropicana Field can be fixed for about $55M in time for 2026 season, per report

ST. PETERSBURG, Fla. (AP) — A detailed assessment of the hurricane damage to Tropicana Field conclud

Groups seek a new hearing on a Mississippi mail-in ballot lawsuit

Follow AP’s coverage of the election and what happens next. JACKSON, Miss. (AP) — A federal appea