Attorney General James Stops Ponzi Schemer Targeting Harvard Business School Alumni

New York Attorney General Letitia James has taken action to stop a fraudster who is tricking Harvard Business School (HBS) alumni and associates into investing in a fraudulent Ponzi scheme. Vladimir Artamonov, a HBS alumnus, solicited at least $2.9 million from at least 29 investors, many of whom he met through his connections to HBS. Today, Attorney General James secured a court order to stop Artamonov from harming investors through his fraudulent scheme and to stop him from withdrawing and transferring funds in his bank and brokerage accounts. This matter came to light when the Office of the Attorney General (OAG) was informed that one of Artamonov’s initial investors ended his own life after discovering that he lost $100,000 because of Artamonov’s fraud. Even after the tragedy, Artamonov continued to solicit new investors and lied to them regarding the fund’s strategy and performance….

Source: Attorney General James Stops Ponzi Schemer Targeting Harvard Business School Alumni