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"Our goal? To put them out of business forever. A corporate death sentence," said Weintraub, who added this is the first time in his tenure he's charged an entire corporation.
"These are the people that do the damage to your automobiles. These are also the people that sold the stolen cats to TDI," said Weintraub.
Investigators say the company bought an average 175 converters per week at about $300 each and was reselling the precious metals.
"They are rhodium, platinum and palladium," said Weintraub, who added the value of these metals "increased dramatically during the pandemic because of supply chain issues."
There are now padlocks on the Port Richmond company. Philadelphia police say a major criminal ring in the city has been shuttered.
"You heard the DA here in Bucks County say thousands. You could times that by a crooked number and you know how many Philadelphia has been suffering. So it's a good day when we can put all of our resources together," said Frank Vanore, the deputy commissioner of investigations for the Philadelphia Police Department.
Prosecutors say the investigation is ongoing including into the corporations buying the metals off of TDI.
Time to Win........
Thank You, 'M'.You got that right
Thank You, 'M'.
I'm too thin?Time to Win........
Jim's top chin?I'm too thin?
Slim's stop fin?Jim's top chin?
Slim's stop fin?
Dim slop tin?Tim's top bin?
Dim slop tin?
It's amazing.
I do something stupid on RF,
& fellow posters fall right in line.
Stick in the pin!Kick in the shin.