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Arizona man indicted for fraud after being caught with 350 catalytic converters, police say

A Prescott man has been indicted on several criminal charges after investigators allegedly found him in possession of several catalytic converters.

PRESCOTT, Ariz. — Editor's Note: The above video is from an earlier broadcast.

A Prescott man has been indicted on fraud charges after investigators allegedly found him in possession of 350 catalytic converters.

Todd Dawkins, 39, is suspected of illegally selling the converters over the last 18 months, according to the Arizona Department of Public Safety.

The converters found at Dawkins' property are collectively worth over $250,000, DPS said.

Converter thefts have become increasingly prevalent in Arizona over the last couple of years since the auto parts contain valuable minerals. 

Dawkins was indicted last week for fraudulent schemes, trafficking in stolen property, illegal control of an enterprise, and money laundering.

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RELATED: Police find 1,200 catalytic converters in Phoenix storage unit

RELATED: Lawmakers pass bill to close loopholes for selling stolen catalytic converters

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