The arrest of George Thomas, a 72-year-old man who profited over $2.5 million by reselling thousands of stolen catalytic converters, led to a significant 60% decline in theft reports in Fresno. Prosecutors stated Thomas was convicted of interstate transportation of stolen property and faces up to 10 years in prison. The black market for catalytic converters, composed of valuable metals, has led to violent encounters as thieves target car owners, resulting in tragic outcomes. Thomas's operations involved coordinating with thieves, buying stolen parts, and attempting to mislead investigators.
"Federal prosecutors announced the dramatic drop in reported thefts Thursday after they convicted George Thomas, 72, who was charged in 2023 with interstate transportation of stolen property and other crimes."
"Thomas was a prolific reseller of catalytic converters, which are highly valuable because they are made partially out of precious metals like platinum and palladium, which can sell for hundreds or even thousands of dollars per ounce on the black market."
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