TDI Catalytic Converter Organization located in a Philadelphia tow yard has been identified as the main buyer of catalytic converters stolen in Bucks and Montgomery counties, according to the District Attorney's Office.
The theft ring is accused of paying a minimum of $10,000 a night for the stolen converters, often offering $1,000 for a single converter.
An investigation revealed that the TDI bought an average of 175 catalytic converters a week, totaling 27,300 over three years; and paid an average of $300 per converter, totaling nearly $8.2 million. Ten employees were also arrested and charged in connection to the thefts. Officials say most of the corporation had a family connection to Williams.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Watch: Bucks DA details bust of multimillion dollar catalytic converter theft ringWatch: Bucks County District Attorney Matt Weintraub is discussing the recent bust of a theft ring that targeted victims in Bucks and Montgomery counties as well as throughout the Delaware Valley.
Read more »
$8.2M catalytic converter theft ring operated out of Philly business, officials sayBucks County District Attorney Matt Weintraub discussed the recent dismantling of a theft ring that allegedly operated out of a Port Richmond business and targeted victims in Bucks and Montgomery counties as well as throughout the Delaware Valley.
Read more »
Inner workings of Wagner mercenary group revealed amid call to add organization to US terror listThe intrigue surrounding Saturday's challenge to Russian President Vladimir Putin’s iron grip on power in Russia by the Wagner group has led to new data about the inner workings of the mercenary organization.
Read more »
Judge dismisses claims against Ivanka Trump in New York AG's $250M suit against Trump OrganizationA New York appellate court on Tuesday dismissed a portion of the New York attorney general's civil lawsuit against members of the Trump Organization.
Read more »
CIO-CISO Strategic Alignment Creates Organizational StabilityThe Virginia Department of Behavioral and Developmental Services' CIO and CISO recognized the effort needed for a digital transformation. Discover how we helped strengthen alignment across departments with security as the foundation: GartnerIT
Read more »