JOURNAL ARTICLE

Fund Manager Pleads Not Guilty to Defrauding Harvard Classmates.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Herszenhorn, Miles J. 3 of 3

Abstract

The article focuses on the legal proceedings involving a former hedge fund manager, Vladimir Artamonov, who pleaded not guilty to charges of defrauding classmates from Harvard Business School and other associates of over $4 million. Prosecutors allege that Artamonov misrepresented his investment strategy, claiming to follow a low-risk, high-return approach based on insights from Berkshire Hathaway Inc., while actually engaging in high-risk investments that led to significant losses. To sustain his scheme, he reportedly used new investors' funds to pay returns to earlier investors in a manner reminiscent of a Ponzi scheme. During a recent court hearing, Artamonov's lawyer requested a psychiatric evaluation for him, which the judge agreed to consider. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/10, pN.PAG
  • Document Type:Article
  • Subject Area:Politics and Government
  • Publication Date:2025
  • Accession Number:189013735
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