Particle.news

Download on the App Store

Harvard Business School Alumnus Charged in $4 Million Alumni-Fraud Case

Prosecutors describe an alumni-network scheme built on a Berkshire-themed pitch.

Overview

  • An indictment unsealed in Manhattan alleges Vladimir Artamonov raised more than $4 million from fellow alumni between September 2021 and February 2024.
  • Prosecutors say he marketed “Project Information Arbitrage,” claiming he could trade ahead of Berkshire Hathaway disclosures.
  • The indictment states he instead made risky short‑term options bets and used investor money for personal expenses, leading to heavy losses.
  • Investigators allege Ponzi‑style repayments, asserting less than $400,000 was ultimately returned to investors.
  • He was arrested in Elkridge, Maryland, and released on $300,000 bail with a no‑contact order as the federal case proceeds.