New CT indictment shows booming market in stolen catalytic converters is worth millions

Federal prosecutors have added to the charges against a local gang of thieves believed to have collected $10 million or more from the sale of catalytic converters stolen from cars across New England.

A new indictment made public Wednesday and other court filings show both the enormous profit and cash volume connected to the thefts, which have spiked in recent months. The converters, required on automobiles as pollution control devices, are packed with increasingly valuable precious metals...