Big Take

Team Favorite: You Never Think About Your Car’s Catalytic Converter—Until Thieves Saw It Off

Jan 4, 2024
Evan Ratliff, Bloomberg Businessweek contributor, shares the thrilling story of a $500 million catalytic converter theft ring and how law enforcement shut it down. Topics include the rise of catalytic converter thefts, the valuable metals they contain, the investigation into the global supply chain, the sourcing and locations of stolen converters, the detailed workings of the criminal operation, and challenges in tracing and preventing converter theft.
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