Thieves are after the precious metals inside converters, which are used to clean a car’s exhaust. The DOJ says one catalytic converter can be worth $1,000 on the black market, depending on the make of the car and what state it was stolen in. The DOJ says the auto store in New Jersey “sold the precious metal powders it processed from California and elsewhere to a metal refinery for over $545 million.” Between March 2021 and July 2022, Company A received more than $4 million in wire transfers from Company B,” read court documents.Īccording to court documents, some men operated an unlicensed business from their personal residence in Sacramento where they bought stolen catalytic converters from local thieves and shipped them to an auto parts store in New Jersey for processing. “Bank records obtained by the FBI show that the vast majority of Company A’s revenue comes from Company B. Officials said there was a freight shipping receipt documenting a shipment from Company A in Nevada to Company B in New Jersey. Documents show through undercover and other methods, both men “purchase stolen catalytic converters from criminals who have cut them from vehicles.” Documents also indicate Rodriguez and Reynoso purchased catalytic converters from an undercover FBI employee, and some meetings were “audio and video recorded.”ĭocuments also indicate records from Facebook show a company, listed as Company A in the documents, sells those converters to a company across state lines. According to court documents, Louis Daniel Rodriguez and Josue Abraham Reynoso Ochoa are accused of being involved. Attorney’s Office officials in Nevada confirmed to FOX5 there are two suspects in Nevada. In total, 21 individuals in five states have been arrested and/or charged for their roles in the conspiracy,” according to a DOJ news release. “Arrests, searches, and seizures took place in California, Oklahoma, Wyoming, Minnesota, New Jersey, New York, Nevada, North Carolina, and Virginia. executed a coordinated takedown of people connected to a national network of catalytic converter thieves, according to the Department of Justice. (FOX5) - Law enforcement officers from across the U.S.
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