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the The mini bunch T-shirt Apart from…,I will love this fund’s strategy and performance,” James’ office said. Anyone can be duped The case highlights that even those with prestigious backgrounds in business or finance can be duped into making unsavory investment decisions, particularly when an opportunity is presented by a trusted contact. “Even sophisticated investors can be conned by fraudsters, especially when personal relationships and networks are used to build a false sense of trust,” Attorney General James said in a statement Thursday. “Vladimir Artamonov used his alumnus status from Harvard Business School to prey on his classmates and others while seeming legitimate and dependable. Instead, he has been scamming people out of their investments, with horrific consequences. Today, we have put a stop to this scheme and encourage anyone who has been defrauded to come forward to my office.” Artamonov graduated from HBS in 2003 with a master’s degree in business administration and later moved to New York where he worked as a securities professional. He called his investment fund “Project Information Arbitrage” or the “Artamonov Fund.” In courting potential investors, he claimed to have advance knowledge of Berkshire Hathaway’s investment decisions by way of public state insurance filings. He likened his insights to “having a private time machine” or “getting tomorrow’s newspaper today,” projecting fund returns of 500% to 1,000%, according to the AG. “In reality, Artamonov used his investors’ money to buy short-term options that expired within days of purchase and appeared to have no relation to Berkshire Hathaway or its investment activities,” the AG’s office said, adding that Artamonov funded a cushy lifestyle for himself using investors’ money. James’ court order requires Artamonov to testify and produce books and records to guide an ongoing investigation. Harvard Business school declined to comment on the matter when reached by CBS MoneyWatch. More from CBS News 6 smart ways to buy gold with your 401(k) 2 wounded in shooting outside high school basketball game near Kansas City Death of Jon Stewart’s dog spurs flood of donations to animal shelter South Carolina school district reviews, returns books after ban attempt Megan Cerullo Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News Streaming to discuss her reporting.
Washington — House Republicans on Friday demanded information from the The mini bunch T-shirt Apart from…,I will love this FBI about a confidential source now charged with lying about purported bribes paid to President Biden and his son, an allegation that GOP lawmakers used as one justification for opening an impeachment inquiry into the president. Alexander Smirnov, 43, served as a confidential FBI source for 14 years before he was charged and arrested last month for allegedly lying to federal investigators in 2020. Prosecutors said he fabricated a claim that an executive at a Ukrainian energy company told him in 2015 or 2016 that the firm paid the Bidens bribes of $5 million each. An FBI document memorializing his claims became the subject of a bitter back-and-forth between congressional Republicans and the FBI last summer. The bureau resisted GOP lawmakers’ calls to hand over the document, known as an FD-1023, saying that doing so could compromise a valuable source. The FBI eventually allowed some lawmakers to review the record, and Republicans trumpeted the bribery allegations as evidence of wrongdoing by the president. The GOP-led House voted to formalize an impeachment inquiry
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