Authorities on Long Island discovered a haul of cash and catalytic converters worth a fortune on Wednesday.
Authorities in Mineola, Nassau County discovered hundreds of stolen catalytic converters and millions of dollars in cash during a police operation. Joe Torres has the story.Authorities on Long Island brought in a major haul Wednesday, after they discovered a load of stolen catalytic converters, a popular target for thieves due to the expensive materials found inside the car part.
Several hundred catalytic converters were captured in a van, along with several million dollars found on a table after officers executed a search warrant in Long Beach Wednesday morning. Those results step from 'Operation Cat Track,' a year-long investigation aimed at stopping a widespread problem, not just in Nassau County, but all across the country.
"This last year in the tri-state area, the theft of catalytic converters has gone up over 300%," Nassau County Executive Bruce Blakeman said. It's the result of the high-priced value of what's inside those converters: platinum, palladium and the most wanted element, rhodium, which sells for $12,000 an ounce.
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