The Bucks County District Attorney's office announced charges Tuesday against 11 people and a Philadelphia towing company in a multi-million dollar catalytic converter theft ring.
Bucks County District Attorney Matt Weintraub says TDI Towing in Philadelphia's Port Richmond section bought $8.2 million worth of catalytic converters over three years.
Prosecutors say Michael Williams runs TDI Towing and is the kingpin. Six employees, many of whom are related to Williams, are also charged. They include Michael Bruce, Eric Simpson, Kevin Schwartz, Patrick Hopkins, Lisa Davalos, and a juvenile. Investigators say these suspects bought the converters, which were brought to TDI Towing all hours of the night.
Investigators say the company bought an average 175 converters per week at about $300 each and was reselling the precious metals.
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