Fund operator accused of failing to redeem more than $100 million in investments
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(Reuters) - Federal authorities arrested a mutual fund operator on fraud charges on Thursday, accusing him of falsely telling investors that their money would be put in safe Treasury securities.
Ofer Abarbanel, 46, of Woodland Hills, California, faces one count of securities fraud and one count of wire fraud.
A week before Eli Lilly (LLY.N) disclosed to regulators that the U.S. Justice Department was investigating its New Jersey factory, the drugmaker told employees that its own inquiry, led by an outside law firm, found no evidence of wrongdoing there, according to a company memo reviewed by Reuters.
A Department of Justice official on Wednesday warned companies against seeking lower penalties for bribery and foreign corruption violations by abusing a government policy discouraging officials from pursuing multiple enforcement actions against a company for the same misconduct.
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A person fills a fuel container at a Shell gas station, after a cyberattack crippled the biggest fuel pipeline in the country, run by Colonial Pipeline, in Washington, D.C., U.S., May 15, 2021. REUTERS/Andrew Kelly/File Photo
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The U.S. Department of Justice is elevating investigations of ransomware attacks to a similar priority as terrorism in the wake of the Colonial Pipeline hack and mounting damage caused by cyber criminals, a senior department official told Reuters.
Internal guidance sent on Thursday to U.S. attorney s offices across the country said information about ransomware investigations in the field should be centrally coordinated with a recently created task force in Washington.
Exabeam, a Silicon Valley startup that helps companies automate the analysis and monitoring of their cybersecurity data, on Tuesday said it raised $200 million in its latest round of funding which valued the company at $2.4 billion.