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

Discussion in 'Wall St. News' started by i960, Jun 3, 2016.

  1. i960

    i960

  2. Sig

    Sig

    "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.
     
  3. Gotcha

    Gotcha

    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. :)
     
  4. The defendant, Haena Park, age 40, is a woman.
     
    d08 likes this.
  5. Gotcha

    Gotcha

    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
     
  6. conduit

    conduit

  7. Amalgam

    Amalgam

    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.
     
    conduit likes this.
  8. Harvard seal of approval really goes a long way.