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Treasury bill mutual fund operator arrested on fraud charges


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. ....

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