DOJ rounds up the usual suspects

[pscot]

They aren't going after systemic criminality. Sort of like rousting the drunks and hookers to show the voters how busy the cops are.




http://www.marketwatch.com/story/doj-charges-more-than-500-with-financial-fraud-2010-12-06

SAN FRANCISCO (MarketWatch) -- More than 500 people have been charged by the Department of Justice in an operation designed to catch financial fraudsters, the agency said Monday. The DoJ said Operation Broken Trust netted enforcement actions against 343 criminal defendants and 189 civil defendants in scams that affected more than 120,000 victims. The agency estimated criminal losses from the schemes at more than $8.3 billion and civil losses at more than $2.1 billion. The schemes included Ponzi schemes, affinity fraud, prime bank/high-yield investment scams, foreign exchange frauds, and business opportunity fraud, according to the DoJ.