California Family Pleads Guilty in $600 Million Nationwide Catalytic Converter Theft Ring

Three members of a California family pleaded guilty to conspiracy charges for transporting stolen catalytic converters worth $600 million from California to New Jersey.
The family received over $38 million in payments as part of a nationwide network of thieves, dealers, and processors.
Catalytic converters are targeted by thieves for their precious metal content, like platinum, and can fetch over $1,000 each on the black market.
California accounts for 37% of catalytic converter theft claims in the U.S., with around 1,600 reported stolen per month.
In total, 21 individuals from California and New Jersey were charged in connection with the catalytic converter theft ring.