They level of criminal organization is amazing. Catalytic converter processing ring generated $545 million in revenue, had its own website and apps, feds say - CWB Chicago
An app on Apple's store. I guess they don't check for "Is this app run by a nationwide criminal organization?" I wonder if Apple got their cut of the $545 million.
Federal authorities have arrested 21 people who are allegedly part of a massive nationwide operation that trafficked and processed stolen catalytic converters. The ring, which officials said had revenues of at least $545 million, even had its own apps, website, and formal shipping arrangements to make trafficking in the stolen parts easy.
Indictments alleging the interstate transportation of stolen property, money laundering, and other federal violations have been filed in California and Oklahoma. The ring allegedly operated from October 2019 until last month.
This costs us all in the form of higher insurance rates.
State Farm Insurance recently announced that it paid out $5.3 million for 2,770 catalytic converter theft claims in Illinois during the first eight months of this year, a 500% increase in claims since 2019.
Illinois being the 3rd most hit state in the catalytic converter theft race.
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