53 people convicted of identity theft, piracy, hacking, counterfeiting in Operation Web Snare.
August 26, 2004: 3:46 PM EDT

WASHINGTON (CNN) - Top federal law enforcement officials Thursday announced the conclusion of an operation that brought 53 convictions involving a series of cyber crimes that targeted 150,000 victims.

Operation Web Snare, which began June 1, wrapped up Thursday with several arrests at locations across the country. Justice Department officials said victims lost more than $215 million.

»money.cnn.com/2004/08/26/technol···?cnn=yes