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.