Crime, Science, Global Trade and FCEVs - Part 1
It’s Elemental
Crime, Science and Global Trade in America?
It’s Elemental, My Dear Watson?
One of the principal exports of Long Island, New York, the island of Harry Chapin and Joey Buttafuoco, is Criminal.?The export of catalytic convertors is not only a local, criminal operation. It is a highly lucrative, global enterprise that involves an extensive number of multinational corporations.
Crime - Local
AP: MINEOLA, N.Y. -- Law enforcement on Long Island announced a massive seizure Wednesday of what they say are stolen catalytic converters, the culmination of a year-long investigation. They seized truckloads of stolen items and millions in alleged cash proceeds.
Police say hundreds among the thousands were seized early Wednesday in what's been dubbed Operation Cat Track, a crackdown on thefts plaguing the region and the nation. All of them were seized from warehouses in Island Park and Huntington, where Nassau Police say the stolen car parts were being harvested for the precious metals inside, skyrocketing in value.
"Rhodium, which is $12,000 an ounce, palladium, $1,800 an ounce, and platinum, which is $1,000 dollars an ounce," Nassau County Police Commissioner Patrick Ryder said. "They place it into a decanter. That decanter crushes it and out comes this dust. This is where the money is."
Police partnering with Homeland Security and the Postal Service searched the homes and businesses of two Long Beach brothers and a Huntington auto shop owner who were allegedly buying thousands of catalytic converters from thieves, then shipping the lucrative metals to Montana. Police say nearly $4 million in cash was seized in their homes, another $10 million in bank accounts.
Crime- National
A theft ring that allegedly made millions from catalytic converters has been busted
By Ayana Archie
Published?November 3, 2022 at 2:22 AM?
Matt Rourke/AP
The Justice Department has arrested 21 people suspected of belonging to a theft ring that made millions of dollars from stolen catalytic converters, the car parts that have increasingly become targets across the country.
A team of law enforcement agencies at the local, state and federal levels seized hundreds of millions of dollars in assets, such as homes, bank accounts and cash, cars and jewelry from the defendants. They are being charged with conspiracy to transport stolen catalytic converters, conspiracy to commit money laundering, and more.
The federal government is seeking $545 million total in forfeitures.
"This national network of criminals hurt victims across the country," FBI Director Christopher Wray said. "They made hundreds of millions of dollars in the process — on the backs of thousands of innocent car owners." The defendants have been charged in two different indictments in separate courts — the Eastern District of California and the Northern District of Oklahoma.
Fifteen of the defendants are accused of buying catalytic converters from local thieves and shipping them to DG Auto in New Jersey.
Six people of DG Auto are accused of buying the stolen parts and "de-canning" them to extract the powdered metals and sell them to a metal refinery. They allegedly made about $545 million from the process, the Justice Department said.
Across the country, the part has been a?hot commodity for thieves , since it contains rare metals, such as rhodium, platinum and palladium, and can be valued at hundreds of dollars at scrap yards.
The National Insurance Crime Bureau has been tracking the surge in catalytic converter thefts, and says there's been about a ten-fold increase in thefts since 2018, with more than 14,000 reported being swiped in 2020.
The prices of the metals have gone up since the COVID-19 pandemic, which has affected their production in places like Russia and South Africa.
Why Montana?
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Recycling your old catalytic converter ensures that you're doing something positive for the environment. Extracting precious metals like rhodium and platinum is more eco-friendly than mining. When you sell your scrap catalytic converter to us to recycle, you're helping do something good for the environment.
Our process in our warehouses includes the analysis and sampling of used catalytic converters. We pride ourselves on having transparency with our customers in addition to a fast turnaround.
How the G&D Process Works?
Step 1: Contact Our Office
Give us a call at?503-855-3953 ?or fill out our?online contact form . Our phone lines are open every day from 8:00 am to 5:00 pm.
Step 2: Receive Your Quote
All you have to do is give us your unit's serial number and send us a picture. A clear photo enables us to quickly assess your unit, giving you a fair offer. If you have multiple units, we'll head out to your location to evaluate them in person.
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One of our team members will go to your Montana location to pick up your units at no extra charge. This applies to commercial suppliers only.
Step 4: Get Money in Your Pocket
Once you've accepted our offer and we arrive to pick up your unit, we'll promptly pay you.
How Much is a Used Catalytic Converter Worth in Montana??
A few factors come into play when determining the value of a catalytic converter. Our catalytic converter recycling experts will provide you with a fair quote based on the condition of your unit. Reach out to us today to learn more.
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The team at G&D Cats has over ten years of experience working in the automotive recycling industry. We're proud to be the go-to source for catalytic converter recycling in Montana.
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Get in Touch Today to Receive a Quote for Your Used Catalytic Converter?
If you're looking to sell your scrap catalytic converter, we're here to help. Contact G&D Cats today to learn more about our catalytic converter recycling services in Montana.
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Global Refining Group
Palladium Members
AB CatTech
Sims? Lifecycle Services
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?Gold Members
Alex Stewart International
ALS Inspections
Belanger Converter Recycling
BRM Services
Bureau Veritas
Canadian Imperial Bank of Commerce
Cotecna Inspections
Garfield Refining
Gebruder Naim OHG
Gerald Trading
Hindustan Platinum Pvt Ltd
IBC Advanced Technologies
ICBC Standard Bank Plc
Kinsbursky Brothers
Mairec
Metals Focus
M & H Technologies
RS Bruce ?Metals and Machinery
United PMR
US Assets Recovery
Corporate Members
Silver Members
Advanced Chemical
Alfred H Knight International
Alliance Industries Limited
Alpax Inc
ARC Metal
Arrow Recovery Group
Atomic Gold
Bullion Exchanges
Eagle Tech Recycling
EcoRec Ltd
GG Refinery
Gold Bank
Haisen Green Technology
Inorganic Ventures
IRT
Intertek
Italpreziosi Spa
JBR Recovery
Lee Hockey Consultancy
Kelley Metals
Majestic Corp
McCol Metals
Noble Metal Services
PGM Processing
Ravindra Heraeus
Red Fox Resources
Reldan
Schneider Freight USA
Sumitomo
T-Cat Corp
Violi ?Macchine SRL
Continued with Part 2: The Science?