Harvard graduate lost $19 million in forex trading out of $23 million raised

and then resorted to Ponzi schemes to pay back earlier investors from newer investors' money.

https://www.reuters.com/article/us-usa-crime-park/u-s-charges-harvard-grad-over-alleged-ponzi-like-currency-scam-idUSKCN0YO2TS#:~:text=NEW YORK (Reuters) - A,like payments to earlier investors.

She was supposed to face up 20 years in prison for her crime? Guess how many years she got? THREE years!!

https://www.cbsnews.com/news/harvard-grad-financier-gets-prison-for-staggering-fraud/

And she didn't even have a lawyer of her own. She was defended by a public defender who recommended no prison sentence for her because she was pregnant. LOL Somebody was actually f***ing her while she was defrauding other people of their hard-earned savings. That public defender is a genius! If a woman can get off with a lighter sentence just because she's pregnant, a man should be able to have a reduced sentence for knocking somebody up. Damn it, Madoff must be kicking himself for insisting on using his own lawyers and not public defenders and not getting laid enough.
why should a newborn suffer if he/she has not committed a crime, that was taken into consideration given she is the mother of the newborn...
 
I don't understand how can people trusted her with their money? she got a psychology degree, not even a financial /business one, even most people with these degrees can't do well in the world of trading; and she is relatively young and not having a track record. Probably that is why her most clients are friends and relatives.
 
and then resorted to Ponzi schemes to pay back earlier investors from newer investors' money.

https://www.reuters.com/article/us-usa-crime-park/u-s-charges-harvard-grad-over-alleged-ponzi-like-currency-scam-idUSKCN0YO2TS#:~:text=NEW YORK (Reuters) - A,like payments to earlier investors.

She was supposed to face up 20 years in prison for her crime? Guess how many years she got? THREE years!!

https://www.cbsnews.com/news/harvard-grad-financier-gets-prison-for-staggering-fraud/

And she didn't even have a lawyer of her own. She was defended by a public defender who recommended no prison sentence for her because she was pregnant. LOL Somebody was actually f***ing her while she was defrauding other people of their hard-earned savings. That public defender is a genius! If a woman can get off with a lighter sentence just because she's pregnant, a man should be able to have a reduced sentence for knocking somebody up. Damn it, Madoff must be kicking himself for insisting on using his own lawyers and not public defenders and not getting laid enough.

Looks like her friends, family and former Harvard classmates turned her in. :D

Just as funny...

Park was sentenced in Manhattan federal court by Judge Ronnie Abrams, who said she had about as privileged a background as anyone she had ever sentenced....

Lets see, Judge Abrams seemed upset about Park's privileged background but then only sentence her to 3 years. Most likely Park will be out for good behaviour to take care of her child in about 1 1/2 years...

Assistant U.S. Attorney Christine Magdo said Park's victims included elderly people who lost their life savings, immigrants who worked multiple jobs for decades and a paraplegic who lost $4 million after telling Park he would soon retire because his health was deteriorating.

"She took away their American dream," Magdo said of immigrants who lost everything...

I've seen this sad story before and it wasn't Madoff. Park's is very lucky, prisons are rampant with Covid-19. I wouldn't be surprise if she pushed for a speedy trial to ensure her conviction occurred during this Pandemic and during her pregnancy...before a vaccine was developed so that she'll get a more lenient sentence. :D

wrbtrader
 
Did you read the article? They were her families, friends, and her fellow Harvard classmates.

as Madoff did and yet she only gets THREE years just because she's pregnant?!! and remorseful??!! I mean I am sure Madoff was remorseful too and he got 150 years.

I blame Harvard. My community college teaches not to put all your eggs in one basket, specially if your investment guru is a psychologist!!

Madoff lost what, 20 billion? But for easy math, 1 billion. That is 50 times more than 20 MM. So they got equal years if you count by lost money. But law doesn't actually work that way.
 
I bet many of you have heard of 'female privilege' and 'the future is female'.

If they keep on giving light sentences to females, it encourages more of them to commit fraud. On the other hand, more investors will stay away from female fund managers.
 
I am going to play advocatus diaboli here.

By giving her a short sentence, she actually gets punished more. After all she screwed family and friends. So she has to live with them and the shame and possible retribution.

If she comes out of prison 20 years later, half of the relatives could be dead. So she gets no shame, nicely tucked away in a prison. Now if a victim wants to sue or harm her, she will be out soon.

They will never get their money back anyway. The broad public wasn't harmed, so why should we the taxpayer pay for an extended punishment? In prison she earns like 50 cents per hour? So it would take a while when she can pay the victims back. On the other hand outside if she earns anything, 70% or so can be taken away for payments...
 
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I am going to play advocatus diaboli here.

By giving her a short sentence, she actually gets punished more. After all she screwed family and friends. So she has to live with them and the shame and possible retribution.

If she comes out of prison 20 years later, half of the relatives could be dead. So she gets no shame, nicely tucked away in a prison. Now if a victim wants to sue or harm her, she will be out soon.

They will never get their money back anyway. The broad public wasn't harmed, so why should we the taxpayer pay for an extended punishment? In prison she earns like 50 cents per hour? So it would take a while when she can pay the victims back. On the other hand outside if she earns anything, 70% or so can be taken away for payments...

I can see that you are a huge sympathy for women. The internet has a term for that.
Why only this particular woman? You should sympathize all criminals.
 
why should a newborn suffer if he/she has not committed a crime, that was taken into consideration given she is the mother of the newborn...

Why should all her victims suffer because she chose to get ahead defrauding others?
 
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