Three members of a California family have pleaded guilty to conspiracy for their role in a ring that shipped $600 million worth of stolen catalytic converters from California to New Jersey.
SACRAMENTO â 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.
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.
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