Authorities Bust Alleged Multi-Million Catalytic Converter Theft Ring In Philadelphia | Carscoops

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Authorities Bust Alleged Multi-Million Catalytic Converter Theft Ring In Philadelphia | Carscoops
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TDI Towing of Philadelphia allegedly bought as much as $8.2 million worth of stolen catalytic converters between 2020 and 2023 car auto cars

Between 2020 and 2023, the towing company is said to have bought as many as 27,300 converters, worth an estimated $8.2 million.

device, the part is full of rare metals whose values rose, making the parts a figurative gold mine. As a part of the exhaust system, the part hangs below a vehicle, and is relatively easy to cut off of it – all of which made it an attractive target for people looking for money in a time of enormous uncertainty.

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