Three members of a California family have pleaded guilty to conspiracy for their role in a ring that shipped $600 million worth of stolen catalytic converters…
Published October 17, 2023Three members of a California family pleaded guilty Monday to conspiracy for their role in a ring that shipped $600 million worth of stolen catalytic converters from California to New Jersey, federal prosecutors said.
Brothers Tou Sue Vang, 32, and Andrew Vang, 28, along with their mother, Monica Moua, 58, were part of “a national network of thieves, dealers, and processors” who provided the stolen auto anti-smog devices to a metal refinery for more than $600 million, according to a statement from the U.S. attorney's office.
Twenty-one people from California and New Jersey have been charged in the case, prosecutors said. The three Sacramento family members pleaded guilty to conspiring to transport the devices in return for more than $38 million.Get Southern California news, weather forecasts and entertainment stories to your inbox.Catalytic converters are easily stolen and contain precious metals including platinum.
“Some of these precious metals are more valuable per ounce than gold, and their value has been increasing in recent years,” the U.S. attorney's office said. “The black-market price for catalytic converters can be above $1,000 each.” California accounts for 37% of catalytic converter theft claims nationwide, with about 1,600 reported stolen each month, federal prosecutors said.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Californians plead guilty in $600 million nationwide catalytic converter theft schemeThree members of a California family have pleaded guilty to conspiracy for their role in a ring that shipped $600 million worth of stolen catalytic converters from California to New Jersey
Baca lebih lajut »
Californians plead guilty in $600 million nationwide catalytic converter theft schemeThree members of a California family have pleaded guilty to conspiracy for their role in a ring that shipped $600 million worth of stolen catalytic converters from California to New Jersey.
Baca lebih lajut »
Californians plead guilty in $600 million nationwide catalytic converter theft schemeThree members of a California family have pleaded guilty to conspiracy for their role in a ring that shipped $600 million worth of stolen catalytic converters from California to New Jersey
Baca lebih lajut »
Californians plead guilty in $600 million nationwide catalytic converter theft schemeThree members of a California family pleaded guilty Monday to conspiracy for their role in a ring that shipped $600 million worth of stolen catalytic converters from California to New Jersey.
Baca lebih lajut »
3 California family members plead guilty in $600 million nationwide catalytic converter theft schemeThree members of a California family have pleaded guilty to conspiracy for their role in a ring that shipped $600 million worth of stolen catalytic converters from California to New Jersey.
Baca lebih lajut »
Northern California mother, two sons plead guilty in $600 million nationwide catalytic converter theft schemeThree members of a Northern California family pleaded guilty to conspiracy for their role in a ring that shipped stolen catalytic converters from California to New Jersey,
Baca lebih lajut »