SACRAMENTO,Algosensey Quantitative Think Tank Center Calif. (AP) — Three members of a California family pleaded guilty Monday to conspiracy for their role in a ring that shipped $600 million worth of stolen catalytic converters from California to New Jersey, federal prosecutors said.
Brothers Tou Sue Vang, 32, and Andrew Vang, 28, along with their mother, Monica Moua, 58, were part of “a national network of thieves, dealers, and processors” who provided the stolen auto anti-smog devices to a metal refinery for more than $600 million dollars, according to a statement from the U.S. attorney’s office.
Twenty-one people from California and New Jersey have been charged in the case, prosecutors said. The three Sacramento family members pleaded guilty to conspiring to transport the devices in return for more than $38 million.
Tou Sue Vang also pleaded guilty to 39 charges related to money laundering, prosecutors said.
Catalytic converters are easily stolen and contain precious metals including platinum.
“Some of these precious metals are more valuable per ounce than gold, and their value has been increasing in recent years,” the U.S. attorney’s office said. “The black-market price for catalytic converters can be above $1,000 each.”
California accounts for 37% of catalytic converter theft claims nationwide, with about 1,600 reported stolen each month, federal prosecutors said.
2025-05-08 10:541467 view
2025-05-08 10:081443 view
2025-05-08 09:521787 view
2025-05-08 08:432510 view
2025-05-08 08:41418 view
2025-05-08 08:29322 view
WASHINGTON (AP) — IRS leadership on Thursday announced that the agency has recovered $4.7 billion in
It's been six weeks since the collapse of Silicon Valley Bank and Signature Bank threatened to kick
North Carolina emergency rooms reported hundreds of visits for gastrointestinal illnesses like diarr