343 Arrests In Operation Broken Trust

MSNBC reports that a US-wide law enforcement crackdown called Operation Broken Trust targeting financial fraud has led to cases against 343 criminal defendants involving $8.3 billion in estimated losses.  “These are staggering, staggering numbers,” Attorney General Eric Holder said at a news conference to announce the investigation.

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.

More at MSNBC

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