‘Operation Broken Trust’ Targets Hundreds In Financial Fraud Sweep, Seeking Billions

WASHINGTON — A nationwide law enforcement crackdown targeting financial fraud has led to cases against 343 criminal defendants involving $8.3 billion in estimated losses, Attorney General Eric Holder announced Monday.”Operation Broken …

WASHINGTON — A nationwide law enforcement crackdown targeting financial fraud has led to cases against 343 criminal defendants involving $8.3 billion in estimated losses, Attorney General Eric Holder announced Monday.

“Operation Broken Trust” is the first national effort of its kind aimed at a broad array of investment fraud schemes and the 3 1/2-month campaign was organized by the Obama administration’s Financial Fraud Enforcement Task Force.

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