The Associated Press December 6, 2010, 4:00PM ET

US Attorney to fill 3 vacancies to combat fraud

The U.S. Attorney's Office in Denver will fill three vacancies as part of the government's effort to combat investment fraud.

U.S. Attorney John Walsh made the announcement as results of Operation Broken Trust, an interagency effort to combat financial fraud, were announced in Washington on Monday.

Across the country, federal authorities say they've prosecuted 343 criminal defendants and 189 civil defendants for fraud schemes involving more than 120,000 victims. Losses totaled nearly $10.5 billion.

In Colorado, 882 victims have lost more than $55 million in four recent criminal cases.

The fraud cases in Colorado include a former Mormon bishop who operated a $20 million Ponzi scheme involving dozens of investors.


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