[imagesource:facebook]
Trust is at the root of many Wall Street deals.
In finance, having the right credentials – like degrees from top schools, experience at an A-list hedge fund, and spending summers in the right Long Island towns – has always been a proven way to pass through many of the industry’s key filters.
It’s often enough to get into circles where investing or donating is just a friendly social gesture – an approach that has worked for philanthropists, hedge fund newcomers, and even scammers.
Vlad Artamonov must have understood this to the core, telling prospective investors, many of them his former classmates from Harvard Business School, that he’d discovered a hidden way to learn which stocks Warren Buffett was buying early, an edge that would make him a lot of money on what later revealed itself as a whirlwind Ponzi scheme.
The HBS graduate…
