Harvard Business School Graduate Levies Ponzi Scheme Aimed at Alums

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According to CNBC, Harvard Business School graduate, Vladimir Artamonov lured fellow alumni into a Ponzi investment scheme.

Questions:

  1. How large were the projected returns promised to alumni?
  2. In total, how much did these alumni lose?
  3. How many alumni were in the scheme?
  4. What is a Ponzi scheme?

Source:

Nova, A. (2024) Harvard Business School grad’s Ponzi scheme swindled alums out of $2.9 million, New York attorney general says. CNBC.com, Feb. 29 (Retrievable online at https://www.cnbc.com/2024/02/29/harvard-business-school-grad-allegedly-swindled-alums-with-ponzi-scheme.html)