Vladimir Artamonov, a Harvard Business School graduate, used his connections to swindle $2.9 million from fellow alumni and associates through a Ponzi scheme promising huge returns based on Berkshire Hathaway investments. Despite risky trading practices and personal fund misuse, the scheme thrived until the tragic suicide of a victim who lost $100,000. The Attorney General's office swiftly intervened, highlighting that even experienced investors can fall prey to fraudsters leveraging personal connections for trust.
