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A general view of the Baker Library/Bloomberg Center on February 17, 2024, at Harvard Business School in Allston, MA. A Harvard Business School graduate tricked his fellow alumni and associates into investing at least $2.9 million in a Ponzi scheme he ran, New York Attorney General Letitia James said Thursday. Artamonov allegedly lured at least 29 investors into the scheme, most of whom he met through his connections to the elite college, the attorney general said. "Vladimir Artamonov used his alumnus status from Harvard Business School to prey on his classmates and others while seeming legitimate and dependable. Harvard Business School did not immediately respond to a request for comment.
Persons: Letitia James, James, Vladimir Artamonov, Berkshire Hathaway, Artamonov, Artamonov's, fraudsters Organizations: Baker Library, Bloomberg Center, Harvard Business School, New York, Finance Locations: Allston , MA, Berkshire, Manhattan
Student loan borrowers gathered at the Supreme Court in Washington, D.C., the evening before the court hears two cases on the White House student loan relief plan. Jemal Countess | Getty Images Entertainment | Getty ImagesOn the night before the Supreme Court was set to hear oral arguments over the Biden administration's student loan forgiveness plan, Amanda Smitley sat outside the court on an aluminum blanket holding an umbrella. Student loan borrower Amanda Smitley, 20, joined the student loan borrowers gathered at Supreme Court on Feb. 27, 2023, the night before the court hears two cases on student loan forgiveness. With a $175 monthly student loan bill, though, he won't be able to help them. Student loan borrowers gathered outside the U.S. Supreme Court on Feb. 27, 2023, the night before the court hears two cases on student loan forgiveness.
The injunction will put the program on hold pending an appeal of a lower court ruling that had allowed the debt relief program to go forward. The Biden administration could ask the Supreme Court to lift the injunction. "The injunction will remain in effect until further order of this court or the Supreme Court of the United States," a three-judge panel of the appeals court said in its ruling. Monday's decision by the appeals court came after six GOP-led states argued in a lawsuit that the loan relief program threatens their future tax revenues, and that the plan circumvents congressional authority. The ruling by 8th Circuit Court of Appeals in St. Louis is the latest in a series of legal challenges to President Joe Biden's plan to cancel up to $20,000 in student debt for millions of Americans.
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