More Than 200 Busted In Crackdown On Investment Fraud

12.06.10 | FL News Team

(Washington, DC) -- More than 200 suspects have been arrested in a sweeping investment fraud crackdown. Attorney General Eric Holder said "Operation Broken Trust" went after suspects who "prey directly on the investing public" and stole billions of dollars. In a Justice Department news conference, Holder called the losses "staggering." "Operation Broken Trust" involved a three-and-a-half month nationwide investigation.

FBI Executive Assistant Director Shawn Henry called the extent of the probe unprecedented but said it's "only a snapshot" of a wider problem. Robert Khuzami, from the Securities and Exchange Commission, stressed that victims include the elderly, the handicapped and members of struggling, working families.