Current:Home > NewsCalifornia family behind $600 million, nationwide catalytic converter theft ring pleads guilty -WealthSphere Pro
California family behind $600 million, nationwide catalytic converter theft ring pleads guilty
View
Date:2025-04-27 11:50:24
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! (3)
Related
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- See you latte: Starbucks plans to cut 30% of its menu
- Could your smelly farts help science?
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- Nevada attorney general revives 2020 fake electors case
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
Ranking
- Sonya Massey's father decries possible release of former deputy charged with her death
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- B.A. Parker is learning the banjo
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- New data highlights 'achievement gap' for students in the US
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
Recommendation
The Grammy nominee you need to hear: Esperanza Spalding
Former Syrian official arrested in California who oversaw prison charged with torture
2025 'Doomsday Clock': This is how close we are to self
California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
Senate begins final push to expand Social Security benefits for millions of people
Highlights from Trump’s interview with Time magazine