Current:Home > FinanceCalifornia family behind $600 million, nationwide catalytic converter theft ring pleads guilty -ProgressCapital
California family behind $600 million, nationwide catalytic converter theft ring pleads guilty
View
Date:2025-04-25 10:34:21
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! (5)
Related
- Charges: D'Vontaye Mitchell died after being held down for about 9 minutes
- Biden to celebrate his UAW endorsement in Detroit, where Arab American anger is boiling over Gaza
- Federal judge dismisses case seeking to force US to pressure Israel to stop bombing Gaza
- Pearl Jam throws a listening party for their new album that Eddie Vedder calls ‘our best work’
- Kehlani Responds to Hurtful Accusation She’s in a Cult
- Noem looking to further bolster Texas security efforts at US-Mexico border
- Mark Zuckerberg accused of having blood on his hands in fiery Senate hearing on internet child safety
- From Zendaya to Simone Biles, 14 quotes from young icons to kick off Black History Month
- Billy Bean was an LGBTQ advocate and one of baseball's great heroes
- Former Trump official injured, another man dead amid spike in D.C. area carjackings
Ranking
- North Carolina justices rule for restaurants in COVID
- Kentucky House committee passes bill requiring moment of silence in schools
- UK judge dismisses Trump’s lawsuit over dossier containing ‘shocking and scandalous claims’
- Kentucky juvenile facilities have issues with force, staffing, report says
- JoJo Siwa reflects on Candace Cameron Bure feud: 'If I saw her, I would not say hi'
- Noem looking to further bolster Texas security efforts at US-Mexico border
- 2024 NBA Draft expands to two-day format: second round will be held day after first round
- A rescue 'for the books': New Hampshire woman caught in garbage truck compactor survives
Recommendation
A South Texas lawmaker’s 15
New York Fashion Week 2024: See schedule, designers, dates, more about the shows
Veteran seeking dismissal of criminal charge for subduing suspect in attack on Muslim lawmaker
Ole Miss player DeSanto Rollins' lawsuit against football coach Lane Kiffin dismissed
Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
Who are the youngest NFL head coaches after Seahawks hire Mike Macdonald?
Duchess Meghan, Prince Harry share emotional message after Senate hearing on online safety
When do new episodes of 'Feud: Capote vs. The Swans' come out? See full series schedule