New Jersey man pleads guilty to leading $600 million catalytic converter theft ring

From cnbc.com

A New Jersey man pleaded guilty in Oklahoma federal court to leading a massive theft ring that stole catalytic converters from vehicles and sold them for more than $600 million in total to a refinery that extracted precious metals contained in the devices. The defendant, Navin Khanna, is the latest person to plead guilty in connection with the ring, which was exposed after police in Tulsa, Oklahoma discovered nearly 130 catalytic converters in the bed of a truck they stopped in May 2021, after an off-duty officer reported suspicions about the vehicle. That stop came during a nationwide surge of thefts in catalytic ... (full story)