Harvard Business School grad Vladimir Artamonov arrested for $4M Ponzi scheme using alumni network.

Vladimir Artamonov, a 46-year-old Harvard Business School graduate, was arrested on fraud charges for allegedly running a Ponzi scheme that defrauded fellow alumni and others of over $4 million from September 2021 to February 2024. He promised high returns with low risk, using the school’s alumni network to recruit investors and claiming access to insider investment strategies. Instead, he used the funds for personal expenses and risky short-term investments, losing most of the money. Authorities charged him with securities, wire, and investment adviser fraud. Artamonov was released on $300,000 bail with restrictions on contacting victims or witnesses.