Tuesday, December 7, 2010

DOJ's "Operation Broken Trust" Targets Investment Fraud Schemes

According to "The Huffington Post," and other news sources, yesterday, Attorney General Eric Holder announced the preliminary results of a nationwide task force effort, called "Operation Broken Trust." According to Holder, the operation has reportedly targeted 343 defendants accused of various investment fraud schemes around the country and with over $8.3 billion in losses to crime victims.
Investment fraud scams, which are often ponzi schemes, in which the con artists frequently target and steal from elderly victims by promising, but never delivering, high returns on investments, are a pervasive, pernicious problem in this country. 
The President's Financial Fraud Enforcement Task Force, which is reportedly spearheading this operation, deserves credit for these accomplishments.

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