U.S. announces takedown of massive catalytic converter theft ring — via drivingdotca Autonews
Authorities are seeking the forfeiture of that sum, after seizing other assets including homes, bank accounts, luxury vehicles and cash. Attorney General Merrick Garland said 32 search warrants were executed in the takedown. The alleged scheme began about three years ago, prosecutors said.
“This national network of criminals hurt victims across the country,” FBI Director Christopher Wray said in a statement. “They made hundreds of millions of dollars in the process — on the backs of thousands of innocent car owners.”converters. Its owner Navin Khanna, 39, was charged in both indictments.
The company did not answer calls seeking comment and was not accepting messages during business hours. Khanna could not immediately be located for comment.
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U.S. announces takedown of massive catalytic converter theft ringCatalytic converters can be stolen in less than one minute and fetch more than $1,000 on the black market
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