A firm owned by a former IU football player is in the early stages of revamping the deteriorating shopping plaza that once served as Irvington's main retail hub.
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Credit: John McDermott
John McDermott said at least four converters were stolen from his property.
The National Insurance Crime Bureau said in 2019, an average of 282 converters were stolen a month.
In 2020, that number jumped to 1,203 per month.
While catalytic converters clean pollutants from the air, it s not the planet criminals want to save, but the trace amounts of precious metals inside.
Palladium, platinum and rhodium are what s valuable, and right now an ounce of rhodium equal to the weight of about six nickels goes for more than $27,000. The same amount of gold would be a little over $1,800. If they can take four to five of these in a night, they just picked up $1,500 in a night, Stallings said.