Victims of catalytic convert theft tell KTVU they’ve been hit 6, 7, 8 times or more. And at hundreds of dollars a pop for insurance deductibles, the costs rack up.
After having his catalytic converter stolen five previous times, he knew exactly what had happened.
As catalytic converter thefts continue to rise in California, cases like Schackers are becoming all too common. California is the worst state in the nation for such thefts and the in the Bay Area, where residents are already feeling squeezed financially, the thefts are especially troubling. Catalytic converter thefts have increased an estimated 400% since 2019, totaling tens of millions in stolen parts.
The indictments in the case show a complex organized criminal enterprise stretching across the nation, highlighting the sophistication of the criminals. It also demonstrates who difficult in can be to disrupt the crimes. The stakes are also higher than ever. In January, thieves shot at San Francisco police officers. And last year, a crew fatally shot a 60-year-old man in Oakland who interrupted them.
He said the metals inside catalytic converters, specifically rhodium, palladium and platinum have shot up in value, creating feverish demand on the black market.
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