INDIANAPOLIS — The Indiana Secretary of State is fining an Indiana business for buying 2,500 potentially-stolen catalytic converters.
G Unit Core Inc. is based in Edinburgh, in southern Johnson County. The Secretary of State's Office said the business was a "market maker" for stolen goods.
Its license to operate in the state of Indiana has been revoked. It has also been fined $2.5 million.
The National Insurance Crime Bureau estimates the cost to replace a catalytic converter in Indiana runs between $1,500 and $3,000. That means the company may have been responsible for $7.5 million in stolen goods.
The website for the company says it is "a leader in grading, buying and selling catalytic converters. From their strong ethics to their knowledgeable staff, G-Unit Core prides themselves on knowing you will receive the best prices from some of the best graders."
A call to the company led to an automated message saying "we are temporarily closed until our license is renewed."
“Our office is dedicated to protecting Indiana consumers and ensuring that businesses operate with transparency and abide by statutory requirements," Indiana Secretary of State Diego Morales said in a statement. "We will not hesitate to take strong action against those who fail to comply with state laws to the great expense of Hoosiers and the integrity of our economy. This fine and license revocation sends a clear message that illegal auto salvage and recycling practices will not be tolerated in Indiana. This enforcement action is a reminder that businesses must play by the rules."
