LANSING, Mich. - The owners of a Detroit automotive supply store have been arraigned on charges of racketeering and conspiracy involving the sale of more than 3,700 stolen airbags worth more than $2.5 million.
Michigan Attorney General Jennifer Granholm said Joseph Silver and Clifford Cohen, the owners of C.J. Metro Automotive Supply Inc., ran a stolen airbag ring that operated in southeastern Michigan. She said Cohen trained thieves to remove airbag, and which types to steal, and said the company paid $35 to $200 per item.
The airbags were resold to retailers around the country for a 100 percent profit, she said. Her office said there is no evidence that retailers who bought the airbags knew they were stolen.
Three other members of the alleged ring have pleaded guilty to receiving and concealing stolen property.
Silver and Cohen face up to 20 years in prison and $102,500 in fines if convicted.