The stolen parts have ended up in scrapyards and auto shops operating illicit businesses, according to the DOJ.

In November 2022, the US Department of Justice charged 21 people across the US with running a catalytic converter ring, alleging that they stole the parts across nine states, and resold the metals sourced from the converters for upwards of $545 million during a multi-year operation. The conversion usually takes a few seconds. MP4 to PSP Click 'Convert' to change mp4 to psp. Upload MP4-file Drag and drop your MP4 file into the upload area. It works on PC (Windows, Mac, Linux) and mobile devices (iPhone, Android). Governments are beginning to crack down on the crime. Step-by-step guide to convert mp4 to psp using An圜onv. Rhodium's price per troy ounce has reached up to eight times the price of gold since 2019, according to CalMatters. The thefts have largely risen during times of financial hardship and economic uncertainty, per the NCIB.Ī black market has also burgeoned where platinum, palladium, and rhodium, the precious metals used in the part, are being harvested. The part helps cars reduce the amount of toxic and polluting gases emitted from each vehicle's engine. It often indicates a user profile.Ĭatalytic converter thefts soar to source precious metalsīetween 20, there has been a 1,215% rise in the thefts, according to the NCIB. Account icon An icon in the shape of a person's head and shoulders.

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