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Harvard Grad Indicted for $4M Investment Fraud Scheme

9/18/2025

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Summary

Story summary

Vladimir Artamonov, a Harvard Business School graduate, faces accusations of defrauding investors of over $4 million by falsely claiming he could predict Berkshire Hathaway's stock picks.
He was indicted for securities fraud, wire fraud, and investment adviser fraud in Manhattan.
Artamonov promised returns of 500% or more through "Project Information Arbitrage" but misused funds for risky options unrelated to Berkshire.
He allegedly repaid investors with money from new investors, resembling a Ponzi scheme.
U.S. Attorney Jay Clayton noted Artamonov betrayed friends and classmates with his fraudulent actions.

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Story summary

Vladimir Artamonov, a Harvard Business School graduate, faces accusations of defrauding investors of over $4 million by falsely claiming he could predict Berkshire Hathaway's stock picks.
He was indicted for securities fraud, wire fraud, and investment adviser fraud in Manhattan.
Artamonov promised returns of 500% or more through "Project Information Arbitrage" but misused funds for risky options unrelated to Berkshire.
He allegedly repaid investors with money from new investors, resembling a Ponzi scheme.
U.S. Attorney Jay Clayton noted Artamonov betrayed friends and classmates with his fraudulent actions.