US authorities bust half-a-billion-dollar catalytic converter crime ring
The crime ring's main operators made more than $US545 million ($AU846 million) from the precious metals found in the stolen catalytic converters.
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The crime ring's main operators made more than $US545 million ($AU846 million) from the precious metals found in the stolen catalytic converters.
The Department of Justice which accuses the gang of making "hundreds of millions of dollars" from the activity.
A national catalytic converter theft ring that generated hundreds of millions of dollars in revenue was taken down in an unprecedented federal investigation, the Department of Justice said Wednesday.
A national catalytic converter theft ring that generated hundreds of millions of dollars in revenue was taken down in an unprecedented federal investigation, the Justice Department said Wednesday.
The stolen catalytic converters were sold to a metal refinery for tens of millions of dollars.