Epic Go Go Fraud-zilla Fail

The Justice Department has issued hundreds of warrants in a series of major financial fraud stings.

Nearly 350 people have been criminally charged, law enforcement officials said at news conference Monday at the U.S. Justice Department. They included peopled alleged to be running Ponzi schemes, pump-and-dump schemes and foreign-exchange scams. Officials said they have also charged 189 people in civil actions.

Losses from the alleged frauds cost victims thousands and sometimes millions of dollars, officials said. The total losses from all the alleged schemes totals $8.3 billion, according to a news release.

"These are staggering, staggering numbers," U.S. Attorney General Eric Holder said at the news conference. 

And yet the people responsible for defrauding us out of trillions and creating the financial crisis are still not only not in jail, but still gainfully employed.

Good work there Eric going after that $8 billion and leaving a thousand times that on the table.

EPIC FAIL.