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Get Ready for a Huge Crackdown on Stock Market Manipulation and Ponzi Schemes

A sweeping operation against stock market manipulation and Ponzi schemes that involves more than 300 criminal defendants will be announced by the Justice Department today, according to a Bloomberg report citing an anonymous "U.S. law enforcement official."

The operation began in August, according to Bloomberg. In addition to the 300 criminal defendants, there will be 180 civil defendants.