U.S. charges Harvard grad over alleged Ponzi-like currency scam (Haena Park)

i960

i960

http://www.reuters.com/article/us-usa-crime-park-idUSKCN0YO2TS

Here's the SEC complaint and some outtakes. This one is a real piece of work and really fucked some people over:

https://www.sec.gov/litigation/complaints/2016/comp-pr2016-106.pdf

haena_park0.png


haena_park1.png
 
"The defendant graduated from Harvard in 1998 with a degree in psychology, school records show.", obviously had the psychology part down pat, not so much the investing part.
 
Sig said:
"The defendant graduated from Harvard in 1998 with a degree in psychology, school records show.", obviously had the psychology part down pat, not so much the investing part.
More...
LOL... Agreed. He clearly wasn't afraid to take trades, nor, am I guessing, did he let the outcome of a previous trader affect his ability to take the next trade. Both of these are important qualities to a proper trading mindset, but clearly not enough by themselves. :)
 
nonlinear5 said:
The defendant, Haena Park, age 40, is a woman.
More...
Opps.. didn't even read the link and took a while guess based on the fact that I'd bet over 80% of money managers are men. Call it a losing trade within an otherwise high win rate. (ie. I would bet its a man each time) :D
 
conduit said:
So what is the misrepresentation she did to her investors?
More...

She said she was profitable and her strategy was low risk all while hemorrhaging money out of her fund account with her trading.

Also she took investor deposits straight into her personal bank account and took some for herself. Ex. take $30k from investor, but only move $28k into the fund.
 
You must log in or register to reply here.
Back
Top