Holder: ‘Operation Broken Trust' Leads to Cases Against 343 Criminals

(NECN: Washington) - Attorney General Eric Holder held a press conference this morning to announce the results to date of "Operation Broken Trust," a three-and-a-half month operation targeting investment fraud.

Holder said a nationwide law enforcement effort targeting financial fraud has led to cases against 343 criminal defendants and $8.3 billion in estimated losses.

Holder said that "Operation Broken Trust" is the first national operation of its kind aimed at a broad array of investment fraud schemes.

The operation was organized by the Obama administration's Financial Fraud Enforcement Task Force.

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