Haena Park, Founder of Phaetra Capital GP— Ponzi Scheme

Haena Park, a Harvard Grad and Founder of Phaetra Capital GP, Allegedly Operated a $23 Million Ponzi Scheme after Purportedly Falsely Flaunting her Currency Trading Acumen

Haena Park allegedly operated a $23 million Ponzi scheme after falsely touting her currency trading prowess and using new money to make Ponzi-like payments to earlier investors, according to Court Documents from the U.S. Securities and Exchange Commission and U.S. Commodity Futures Trading Commission (CFTC) currently under review by attorneys Alan Rosca and James Booker.

Haena Park, a Harvard University graduate and a founder of Phaetra Capital GP and its predecessor Argenta Capital, allegedly solicited more than $23 million from investors between 2010 and 2016 by lauding her merits  as an “accomplished” trader who had generated high double-digit or even triple-digit annual returns, said Documents report.

The Peiffer Rosca Wolf securities lawyers are currently investigating Haena Park’s alleged Ponzi scheme.

Haena Park Allegedly Made Material Misrepresentations and Omissions Concerning Her Training Expertise, for Example, Allegedly falsely claiming that an initial$1 Million Investment in November of 2009 Gained a Return of 393.2% and Grew to $4,778,229 by February 27, 2015

Haena Park allegedly made material misrepresentations to clients such as falsely claimed that an initial investment of $1 million in November of 2009 grew to a return of 393.2% and $4,778,229 by February 27, 2015, according to the aforementioned Court Documents from the U.S. Securities and Exchange Commission and U.S. Commodity Futures Trading Commission (CFTC) currently under review by attorneys Alan Rosca and James Booker.

Haena Park, according to The CFTC Complaint, further alleges that Park fraudulently solicited approximately 50 members of the public who deposited over $23 million into bank accounts opened in Park’s name and/or controlled by Park.

Haena Park’s trading on behalf of the pool participants allegedly resulted in a loss of more than $18 million, and Park, according to the CFTC, allegedly hid these losses from the pool participants and allegedly fraudulently represented the funds health, even going so far as to provide pool participants with false monthly statements with fabricated data.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged Ponzi schemes and are currently investigating Haena Park’s alleged Ponzi scheme. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Haena Park’s alleged Ponzi scheme are encouraged to contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1157 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.