39-year-old Coty Sherrill Speight of Cleveland, North Carolina, was arrested by Iredell County Sheriff’s Officers. He’s charged with conspiracy to commit felony larceny.
According to information released Thursday (September 10), criminal investigators with the Iredell County Sheriff’s Office had investigated numerous thefts of catalytic converters which took place from late 2019 through early 2020. Several suspects were arrested stemming from those investigations. It was determined by investigators that Coty Sherrill Speight purchased a number of those stolen catalytic converters, and conspired with others to steal converters in Iredell and surrounding counties.
To combat the growing theft of catalytic converters it became required by North Carolina law, in 2012, that the purchaser of any detached catalytic converter must obtain a license to purchase these regulated metals. In addition, the purchaser must maintain records that include the name, address, a photocopy or electronic scan of an unexpired state or federal identification card, the amount of consideration paid, a photograph or video of the seller alongside the with the regulated metals, and alongside the seller’s signature a clear impression of the index finger.
The records must be retained for a period of no less than two years. Furthermore law prohibits the purchase of detached catalytic converters, except from a company, contractor, or individual that is in the business of installing, replacing maintaining, or removing these items. According to the Sheriff’s Office, Speight’s illegal purchases of detached catalytic converters were instrumental in the thefts of catalytic converters, and provided a means for suspects to obtain cash for stolen goods.
During the course of this investigation Speight was found to have attempted to purchase a firearm and was charged with that crime last month. He received a $10,000 bond for that charge. He was arrested last Friday (September 4) on the conspiracy charge and bond was set at $5,000 secured on that count. He is not currently listed as an inmate in Iredell County. A District Court appearance is scheduled for November 3.
Speight has a previous criminal history that includes a conviction in United States District Court for possessing one or more firearms and affecting commerce by a convicted felon, misdemeanor shoplifting, two counts of misdemeanor larceny, misdemeanor breaking or entering, misdemeanor unsealed wine or liquor in a passenger area of a vehicle, driving after consuming alcohol, DWI level 5, misdemeanor possession of alcohol under 21 years of age, misdemeanor second-degree trespassing, seven counts of driving while license revoked, felony receive goods represented to be stolen, and felony attempt to traffic heroin or opium.[Photo of Coty Sherrill Speight courtesy of Iredell County Sheriff’s Office]