Current:Home > MarketsCalifornia family behind $600 million, nationwide catalytic converter theft ring pleads guilty -TradeWise
California family behind $600 million, nationwide catalytic converter theft ring pleads guilty
View
Date:2025-04-15 11:54:30
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! (76)
Related
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- Ozempic-like weight loss drug Wegovy coming to the U.K. market, and it will cost a fraction of what Americans pay
- Transcript: Dr. Scott Gottlieb on Face the Nation, March 5, 2023
- See Jennifer Coolidge, Quinta Brunson and More Stars Celebrate at the 2023 SAG Awards After-Party
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- All the Times Abbott Elementary's Sheryl Lee Ralph Schooled Us With Her Words of Wisdom
- Letting go of hate by questioning the very idea of evil
- Tony Awards have gendered actor categories — where do nonbinary people fit?
- Where will Elmo go? HBO moves away from 'Sesame Street'
- Iran announces first arrests over mysterious poisonings of hundreds of schoolgirls
Ranking
- 2025 'Doomsday Clock': This is how close we are to self
- Dear 'Succession' fans, we need to talk about Shiv Roy in that series finale
- 'Succession' season 4, episode 9: 'Church and State'
- The 47 Most Popular Amazon Items E! Readers Bought This Month
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- Hats off to an illuminating new documentary about Mary Tyler Moore
- If you don't love the 3D movie experience, you're not alone
- 'Wait Wait' for June 17, 2023: With Not My Job guest James Marsden
Recommendation
Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
'The Bear' has beef (and heart)
Why Selena Gomez Was Too “Ashamed” to Stay in Touch With Wizards of Waverly Place Co-Stars
Two convicted of helping pirates who kidnapped German-American journalist and held him 2-1/2 years
Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
In honor of 'Star Trek: Strange New Worlds' season 2, a tour of the physics
Prince Harry and Meghan asked to vacate royal Frogmore Cottage home as it's reportedly offered to Prince Andrew
In its ninth and final season, 'Endeavour' fulfills its mission to 'Inspector Morse'