Harvard Alum Arrested in $4M Ponzi Scheme | JQJO

A Harvard Business School graduate, Vladimir Artamonov, 46, was arrested and charged with fraud for allegedly running a $4 million Ponzi scheme targeting fellow alumni. Artamonov, who graduated in 2003, promised high returns with minimal risk, using his alumni network to lure investors. He misused funds, investing in risky options and spending on personal expenses. The scheme, uncovered after an investor's suicide, involved falsely promising lucrative gains, leveraging trust built on his Harvard connections. Artamonov was released on $300,000 bail.