More than 500 arrested in phony lottery scams
Mass marketing fraud schemes allegedly occurred in U.S. and four other countries

WASHINGTON (CNN) - At least 565 individuals have been arrested on allegations they operated phony sweepstakes and lottery contests and a variety of other mass marketing fraud schemes in the United States and four other countries, Justice Department officials announced Tuesday.

Officials said the year-long international investigation targeted schemes that particularly preyed on the elderly, and allegedly resulted in about $1 billion in losses suffered by an estimated 2.8 million victims.

"Operation Global Con" was aimed at taking down operators of a wide range of fraud operations, including schemes involving phony promises of prizes, investment scams, credit card and loan schemes, and other frauds perpetrated through phone calls, mailings, and the Internet, the Justice Department said.

More than half of the arrests - 310 - occurred in Spain, Justice Department officials said, while 139 were in the United States, 96 in Canada, 11 in the Netherlands, and nine in Costa Rica.

Officials said separate law enforcement operations are looking into similar activities in other countries but declined to elaborate.

An official of Costa Rica, where fraudulent operations have been sprouting up, is expected to join Attorney General Alberto Gonzales and officials from the Federal Trade Commission and Postal Inspection Service for a 2 p.m. ET news conference to announce results of their enforcement operation.

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.