Current:Home > ScamsCalifornia family behind $600 million, nationwide catalytic converter theft ring pleads guilty -WealthTrack
California family behind $600 million, nationwide catalytic converter theft ring pleads guilty
View
Date:2025-04-13 15:10:48
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! (53)
Related
- A South Texas lawmaker’s 15
- Ukraine’s Zelenskyy visits Athens to attend meeting of Balkan leaders with top EU officials
- Khloe Kardashian Has Most Delectable Response to Andy Cohen’s Son Ben Eating Chips for Breakfast
- A list of the 5 new vehicles with the lowest average purchase prices in the US
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- Global food security is at crossroads as rice shortages and surging prices hit the most vulnerable
- Global food security is at crossroads as rice shortages and surging prices hit the most vulnerable
- More hearings begin soon for Summit’s proposed CO2 pipeline. Where does the project stand?
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- 2 Israelis killed at West Bank car wash as Israeli-Palestinian violence surges
Ranking
- A White House order claims to end 'censorship.' What does that mean?
- Hilary in photos: See flooding, damage in Southern California after storm moves through
- The Bidens will travel to Maui to meet with wildfire survivors and first responders
- Many Lahaina wildfire victims may be children, Hawaii governor says
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- FDA approves RSV vaccine for moms-to-be to guard their newborns
- Charges dismissed in high-speed attempted murder case near Bismarck
- Joe Montana sees opportunity for NFL players to use No. 0, applauds Joe Burrow's integrity
Recommendation
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
17 Dorm Essentials Every College Student Should Have
Warming waters could lead to more hurricanes, collapsed Gulf Stream: 5 Things podcast
Amanda Knox Is Pregnant, Expecting Baby No. 2 with Husband Christopher Robinson
A South Texas lawmaker’s 15
Nissan recalls 236,000 Sentras for problem that could cause loss of steering control
The Hills' Whitney Port Addresses “Snarky” Comments Amid Concerns Over Her Weight
John Warnock, who helped invent the PDF and co-founded Adobe Systems, dies at age 82