Fund Manager Charged With Defrauding Harvard MBA Classmates

A former hedge fund manager was charged by Manhattan federal prosecutors with defrauding several Harvard Business School classmates and others in his social circle of more than $4 million.

Vladimir Artamonov allegedly told investors that he was following a low-risk, high-return strategy based on identifying new investments by Warren Buffett’s Berkshire Hathaway Inc. before they were publicly disclosed. In reality, he mainly invested their money in risky short-term options, according to the indictment unsealed Thursday in New York.