Scrap metal dealer jailed over catalytic converter fraud
PUBLISHED: 13:43 16 February 2015 | UPDATED: 13:43 16 February 2015
Unlicensed dealer was tampering with equipment to make it seem more valuable
A Bexley trader has been jailed for 19 weeks over a catalytic converter fraud.
Unlicensed scrap metal dealer Ivan Yanev, 39, of Conington Road, Lewisham, admitted fraudulent trading at Inner London Crown Court. He was also banned from being a company director for three years.
Yanev’s business was raided last year, when police found that he was tampering with catalytic converters to make them appear more valuable.
Some of the 5,000-plus converters found at the premises were believed to have been stolen.
Chief Inspector Andy Johnstone said: “This was a large-scale fraud aimed at duping buyers into paying more for catalytic converters.”
If you have concerns about fraud or unlicensed traders, email firstname.lastname@example.org or call Crimestoppers free on 0800 555111.