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This operation is short for counterintelligence and was created to try to interrupt the Communist party.
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The ABSCAM sting started in 1978. The FBI wanted to catch New York City's stolen art dealers and so they created a fake company in Long Island who wanted to invest in some artwork. The operation introduced the "company" to many criminals who dealt with fakes stocks and bonds. This operation taught the world that anyone could be a criminal, even government officials, and they too can be caught by the law.
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