Harvard Business School grad's Ponzi scheme swindled alums out of $2.9 million, New York attorney general says
Publishing timestamp: 2024-02-29 17:20:27
Summary
A Harvard Business School graduate tricked his fellow alumni and associates into investing at least $2.9 million in a Ponzi scheme by claiming to have insider information on Berkshire Hathaway's investments. The scheme resulted in at least one investor taking his own life after losing $100,000. The graduate used investor funds for personal expenses and continued soliciting new investors even after the tragedy.
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Keywords: corruption, securities fraud, business, breaking news: politics, personal finance, berkshire hathaway inc, laws, crime, politics, letitia james, new york, business news, fraud and false statements,