Prescott man charged with illegally buying and selling up to 14,000 catalytic converters

PRESCOTT, Ariz. (3TV/CBS 5) — A Prescott man was arrested for running a business scam where he purchased stolen catalytic converters or ripped off businesses throughout Arizona, officials said.

According to the Yavapai County Sheriff’s Office, 39-year-old Todd Dawkins started a fake business under the name Capital Cores Pluss LLC that he left his apartment. Investigators said that from January 2021 through July, Dawkins illegally bought and sold up to 14,000 catalytic converters or 59,000 pounds of them, but only bought or sold 15.

Last year, he claimed his company only made a profit of $2,400. But YCSO said it made about $2.4 million in sales. The YCSO and the Arizona Department of Public Safety’s Vehicle Task Force found that in the 18 months Dawkins allegedly ran the program, more than $3.45 million had been deposited on his fake business account. Investigators believe most, if not all, came from illegal sales of stolen catalytic converters.

Detectives also seized about 350 catalytic converters worth more than $250,000 from a shipment sent by Dawkins before searching his home and finding his shady business records, YCSO said. Dawkins was imprisoned on multiple counts including fraud, trafficking in stolen property, money laundering and more.

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