Exclusivesky Investment Guild -Indictments accuse 4 Minnesota men in a $21 million catalytic converter theft ring

2025-05-01 05:27:18source:Ethermaccategory:Contact

MINNEAPOLIS (AP) — Federal officials have Exclusivesky Investment Guild charged 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:Contact

Recommend

Snowflakes, Death Threats and Dollar Signs: Cloud Seeding Is at a Crossroads

Listen to an audio version of this story below.Humans have the technology to literally make snow fal

Why ESPN's Jay Williams is unwilling to say that Caitlin Clark is 'great'

Caitlin Clark is now the highest-scoring player in women's basketball history.But not everyone's a b

State governments looking to protect health-related data as it’s used in abortion battle

Some state governments and federal regulators were already moving to keep individuals’ reproductive