A catalytic converter contains precious metals, can easily be removed from its vehicle, and is difficult to trace, making it a desirable target for thieves. The average scrap price for catalytic converters currently varies between $300 and $1,500, depending on the model and type of precious metal component. Alexander Kolitsas regularly transported and sold the catalytic converters to recycling businesses in New York and New Jersey. Some of these trips yielded payments in excess of $200,000.
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