Stolen Catalytic Converter Buyers

Stolen Catalytic Converter Buyers

Road buyers drive the market for stolen catalytic converters, enticing criminals to steal catalytic converters from your vehicles. This blog will explain who these road buyers are and who enables this criminal activity.


These roaming road buyers play a large role in contributing to the theft of catalytic converters. These buyers travel city to city and state to state in search of acquiring catalytic converters for cash. Most of the time road buyers purchase strictly with cash because it is untraceable, and as a result, this helps to enable criminals to steal converters.

How They Get Away With It

PGM Catalytic Converter RecyclingThe methods these road buyers use are relatively simple. They send vans to automotive muffler and repair shops and then bid on their scrap converters. What they collect from these shops are legitimate because the shops obtain them through clients needing replacement converters. There is no issue with that until you figure out they are using these shops to legitimize the stolen converters they also buy. By mixing the legitimate scrap with the stolen, it covers their tracks even further. These repair shops need to recognize they may be enabling this criminal activity when selling converters to roaming road buyers for cash. 

Where They Purchase Stolen Converters

Road buyers purchase illegitimate converters by scouring Facebook groups, eBay, Craigslist, OfferUp, social media direct messaging, and other online forums informing the audience when traveling through a specific city. The transaction may consist of a meeting spot where converters become sold out of someone’s trunk for cash. Most often then not this type of dealing is illegal, and both parties are aware of the criminal consequences they would face if caught by law enforcement. Since road buyers generally pass through cities, only pay with cash, and launder through legitimate sources, it makes it incredibly difficult to detect them committing the crime of buying stolen merchandise (also known as fencing). 

Stop Enabling Criminals From Stealing Converters 

Some of these road buyers are licensed, while others are not. Those who are not, do not comply with local requirements when buying converters. If you own a repair shop, do not support this activity. Always make sure that you are selling your catalytic converters to a reputable company. Take a little time and do some research. Ask yourself, do they have a website? Do they have a team of professionals on staff? Recognize if you are dealing with someone who is circumventing our nation’s anti-money laundering laws. By dealing with a professional organization, you cut out the risk of enabling criminals and will probably make more money with your converters!


 

Edmund Schwenk

CEO/Metallurgist of PGM Recovery Systems “The single most important factor when you sell auto catalyst from used catalytic converters is the assay, not terms! Assay transparency is paramount! Many de-canners we speak to believe they are not getting correct assays on their material. Some have de-canned, shipped to other companies and received a little more than they could have sold their whole converters for in the first place.”Mission Statement: We at PGM Recovery Systems are providing information and transparency to the catalytic converter recycling industry in an effort to promote a value system of fair dealing. As a result of providing the industry with the proper tools to increase their profits, we are developing long-term relationships with suppliers.

This Post Has 3 Comments

  1. Ken

    Very informative!

  2. Enrique

    Esto es interesante!

  3. Jason

    Getting small businesses past the whole “CASH is KING” mentality is difficult to do when Road Buyers are waiving it in their face.

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