Cops Seize 2,000 Stolen Catalytic Converters and $300,000 Cash in California Garage Bust
By Chris Teague, The Drive 6 hrs agoSheriff's deputies in Elk Grove, California recently made a huge bust, recovering stolen goods and a ton of cash--but there were no drugs involved. Deputies say they seized nearly 2,000 stolen catalytic converters and around $300,000 in the operation, which was carried out with help from the local Elk Grove Police Department.
© Provided by The DriveThe haul looks every bit like a massive drug bust, with the exception that there's a big pile of catalytic converters on the garage floor instead of bales of cocaine. In addition to the pile of car parts, police seized $300,000 in cash--the only things missing here are a pet tiger and a bunch of guns.
Catalytic converter theft has become big business as the price of materials used in them continues to skyrocket. Metals such as palladium are heavily used in the construction of catalytic converters and can cost well over $2,000 per ounce. A jump in global demand is mostly to blame for the price increase, as many countries have changed regulations on how vehicle components are made and used.
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https://www.msn.com/en-us/autos/enthusiasts/cops-seize-2-000-stolen-catalytic-converters-and-300-000-cash-in-california-garage-bust/ar-BB176g6t?ocid=msedgntp