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Harvard Business School graduate arrested on charges he cheated fellow alums out of over $4 million
Vladimir Artamonov exploited Harvard alumni trust with false promises of high returns, losing millions in risky investments and repaying less than $400,000 to investors, authorities said.
- On Thursday, September 18, 2025, Vladimir Artamonov, a 46-year-old Harvard Business School graduate from Elkridge, Maryland, was arrested on fraud charges for swindling fellow alumni.
- The arrest came after disclosures in late February 2024 that Artamonov orchestrated a Ponzi scheme targeting his classmates and others by leveraging his Harvard alumnus status, operating the fraudulent scheme over a period spanning late 2021 to early 2024.
- Artamonov convinced investors he could generate substantial profits with minimal risk, assuring them of near-term significant gains and claiming he could pinpoint securities about to increase in value, while in reality, he lost millions through speculative short-term options and used funds from new investors to pay off earlier ones.
- U.S. Attorney Jay Clayton highlighted that Artamonov deceived investors, among them personal acquaintances and fellow alumni from Ivy League schools, while Christopher G. Raia noted that Artamonov took advantage of the reputation of Harvard and an investment firm to fraudulently obtain money for his own use.
- Artamonov was released on $300,000 bail and ordered to avoid contact with victims, and the case underscores that even sophisticated investors can be deceived when fraudsters use personal relationships to build false trust.
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A Harvard Business School graduate was arrested on Thursday on charges of fraud, claiming that he swindled former students of the prestigious school for over $4 million in a Ponzi scheme, including by assuring an investor that they would soon "presume" about their "crazy profits" at the school meeting. Vladimir Artamonov, 46, was arrested in Elkridge, Maryland, where he lived, and was charged with securities fraud, electronic fraud and investmen…
·Washington, United States
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Associated Press News+12 Reposted by 12 other sources
Harvard Business School graduate arrested on charges he cheated fellow alums out of over $4 million
Federal authorities have arrested a Harvard Business School graduate on charges that he swindled fellow alumni of the prestigious school out of more than $4 million.
·United States
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Total News Sources20
Leaning Left6Leaning Right2Center9Last UpdatedBias Distribution53% Center
Bias Distribution
- 53% of the sources are Center
53% Center
L 35%
C 53%
12%
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