I think it is possible that the 4 victims believed JK had millions of dollars worth of Catalytic converters and precious metals in his salvage yard. They may have known he was buying them and had them stored on his land.
So instead of going to him to sell stolen ones, like they may have told JK, they were instead going to steal his cash and his stash of stolen loot?
Here are examples of salvage yards that have been busted for having these stolen metals:
by
Marissa Heffernan
A Missouri, man has been indicted by a federal grand jury for selling millions of dollars in stolen catalytic converters to companies in Missouri, Texas,
www.kttn.com
Spick, the owner of J&J Recycling in Independence, is charged with one count of conspiracy to transport stolen property across state lines since Jan. 1, 2018, and 25 counts of transporting stolen property across state lines.
In his salvage business, Spick primarily buys and resells catalytic converters rather than other automotive parts or recyclable items. Catalytic converters convert toxic gases and pollutants from internal combustion engines into less-toxic pollutants. Catalytic converters contain precious metals such as platinum, rhodium, and palladium. Stolen catalytic converters have value because of the precious metals, which can be extracted from the converters.
Beginning in at least 2014, Spick bought catalytic converters at his business from individuals whom he paid in cash. The cash payments attracted thieves, the indictment says, particularly drug addicts. Spick resold the catalytic converters to companies in Missouri, Texas, and Louisiana. The Texas and Louisiana companies processed the catalytic converters to extract the precious metals.
Over four years from Jan. 1, 2018, through Dec. 31, 2021, the indictment says,
Spick received over $11 million from the sale of catalytic converters.
According to the indictment, Spick withdrew almost $2.5 million in cash from his bank accounts to buy catalytic converters from 2018 to 2021.
Arrow Recovery is under investigation by local police for buying large quantities of black market catalytic converters, despite some having "stolen" etched onto them by undercover officers.Continue Reading→
resource-recycling.com
Arrow Recovery is under investigation by local police for buying large quantities of black market catalytic converters, despite some having “stolen” etched onto them by undercover officers.
Arrow Recovery was served a search warrant in June 2022, and
detectives found “multiple 55-gallon drums of refined and semi-refined catalytic converter material, along with approximately eight pallets containing at least 300 suspected stolen catalytic converters,” police said.
In total, Dawkins unlawfully purchased and sold approximately 10,000 – 14,000 or 59,000 pounds of catalytic converters in the last 18 months and reported less than 15 purchased or sold....records show a net of approximately $2,400,000.00 in sales. Along with the shifty records, detectives seized approximately 350 catalytic converters worth over $250,000.00 from a shipment sent by Dawkins the day prior to the service of the warrant.