Grant Preston:Indictments accuse 4 Minnesota men in a $21 million catalytic converter theft ring

2025-05-07 19:58:19source:Polarmoon Wealth Societycategory:Invest

MINNEAPOLIS (AP) — Federal officials have Grant Prestoncharged four Minnesota men in a multi-million-dollar scheme to transport stolen catalytic converters to buyers in several states.

U.S. Attorney Andrew M. Luger in Minneapolis announced the indictments Tuesday. All four men are charged with conspiracy to transport stolen property interstate with two of the men receiving additional charges.

From May 2020 through October 2022, the men acquired stolen catalytic converters and transported them to buyers, mostly high-volume ones in New Jersey, New York, Oklahoma and Colorado, according to court documents. The conspiracy allegedly resulted in about $21 million in payments to the men.

Thefts of catalytic converters have become problematic nationwide in recent years. Once stolen, they are often melted down for their valuable metals.

More:Invest

Recommend

What polling shows about Minnesota Gov. Tim Walz, Harris’ new running mate

▶ Follow AP’s live coverage of the 2024 election WASHINGTON (AP) — Minnesota Gov. Tim Walz, Vice

ACLU of Montana challenges law defining the word ‘sex’ in state code as only male or female

HELENA, Mont. (AP) — The ACLU of Montana has filed a lawsuit challenging a law that defines the word

Mariah Carey's 'All I Want for Christmas' tops Billboard's Hot 100 for fifth year in a row

The Queen of Christmas reigns.Mariah Carey's iconic Christmas medley "All I Want for Christmas Is Yo