In New Jersey, USA, Navin Hanna, 41, of Holmdel, Oklahoma, pleaded guilty to a scheme to resell stolen catalytic converters, through which he made at least $600 million from stolen catalytic converters.
According to the US Attorney's Office, Hanna owned the company DG Auto Parts, which was a "criminal enterprise". Between May 2020 and October 2022, he purchased stolen catalytic converters from various states and resold them to an oil refinery that extracted precious metals.
The investigation began in 2020 after a sharp increase in catalytic converter thefts in Tulsa. During the searches, as part of the plea agreement, the following were found:
$4 million in cash, 11 luxury cars, including Lamborghini, two Ferraris, McLaren and Porsche, luxury jewelry and gold bars, as well as over 200 pallets of catalytic converters.
Hanna faces a sentence of 14 to 17.5 years in prison. He is also charged with money laundering. More than two dozen other people have also been charged in the case.