YCSO, DPS, Prescott Valley Police Shut Down Illegal Statewide Catalytic Converter Business

The Yavapai County Sheriff’s Office teamed up with Prescott Valley Police and a DPS task force to shut down an illegal Arizona wide catalytic converter business in Prescott. Since February, law enforcement officials have been investigating more than 60 reports in Yavapai County involving the theft of over 100 catalytic converters stolen from vehicles. The owner of the business is 39-year-old Todd Dawkins of Prescott. He was arrested Thursday and booked on numerous felony and misdemeanor charges regarding his illegal business of buying, selling and acquiring several million dollars of revenue from the sale of the converters. Investigators say Dawkins has been buying stolen converters or scamming legitimate businesses all over the state via cash or cash app from his Prescott apartment under the business name “Capital Cores Plus LLC.” In 2021, he claimed a profit of 24-thousand dollars, however his profit-loss statement shows $2.4-million in sales. Through July, over $3.45-million has been deposited in Dawkins’ business account. Demand for catalytic converters is highly based on three precious metals found in them; platinum, palladium and rhodium.