Current:Home > MarketsCalifornia family behind $600 million, nationwide catalytic converter theft ring pleads guilty -Wealth Nexus Pro
California family behind $600 million, nationwide catalytic converter theft ring pleads guilty
View
Date:2025-04-17 23:30:03
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! (2421)
Related
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Dead inmate identified as suspect in 1995 disappearance of 6-year-old Morgan Nick
- Man accused of threatening postal carrier after receiving Kamala Harris campaign mail
- Kentucky lawman steps down as sheriff of the county where he’s accused of killing a judge
- SFO's new sensory room helps neurodivergent travelers fight flying jitters
- John Amos, Star of Good Times and Roots, Dead at 84
- US job openings rise to 8 million as labor market remains sturdy
- College football at one month: Alabama, Florida State lead surprises and disappointments
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- Fran Drescher Reveals How Self-Care—and Elephants!—Are Helping Her Grieve Her Late Father
Ranking
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- 'McNeal' review: Robert Downey Jr.’s new Broadway play is an endurance test
- WNBA playoff games today: What to know about Tuesday's semifinal matchups
- John Amos, Star of Good Times and Roots, Dead at 84
- The Best Stocking Stuffers Under $25
- Fantasy football waiver wire: 10 players to add for NFL Week 5
- Sean 'Diddy' Combs appeals judge's denial of his release from jail on $50 million bond
- Exclusive: Watch the rousing trailer for Disney+'s 'Music by John Williams'
Recommendation
Trump invites nearly all federal workers to quit now, get paid through September
Kate Hudson's mother Goldie Hawn gushes over her music career: 'She's got talent'
Opinion: Chappell Roan doesn't owe you an explanation for her non-endorsement of Harris
John Amos, Star of Good Times and Roots, Dead at 84
Tree trimmer dead after getting caught in wood chipper at Florida town hall
Let All Naysayers Know: Jalen Milroe silences critics questioning quarterback ability
Kristin Cavallari Shares Glimpse Inside New Home After Mark Estes Breakup
What are enzymes, and what do they have to do with digestion?