July 28, 2014
A former Harbinger Capital Partners LLC executive has admitted wrongdoing in connection with his role in the hedge fund's $113 million loan scandal, the U.S. Securities and Exchange Commission said Monday, giving the agency a three-for-three record on admissions of wrongdoing in the closely watched Harbinger cases.
June 17, 2014
The former chief operating officer of Harbinger Capital Partners LLC has cut a deal with the U.S. Securities and Exchange Commission in the agency's fraud suit that the hedge fund and owner Philip Falcone previously settled for $18 million, according to a Tuesday filing in New York federal court.
February 11, 2014
The former chief operating officer of Harbinger Capital Partners LLC is close to reaching a settlement with the U.S. Securities and Exchange Commission in a fraud suit that the hedge fund and owner Philip Falcone previously settled for $18 million, according to a Tuesday court filing.
September 16, 2013
A New York federal judge on Monday approved an $18 million settlement between Philip Falcone and the U.S. Securities and Exchange Commission in which the ex-hedge fund manager admitted wrongdoing in borrowing more than $113 million of his investors' money and running an illegal "short squeeze."
August 19, 2013
U.S. Securities and Exchange Commission Chairman Mary Jo White may have thrown her enforcement division under the bus by rejecting its proposed settlement with Philip Falcone in favor of a landmark $18 million deal Monday that forces the hedge fund executive to admit guilt, attorneys say.
August 19, 2013
Philip Falcone and his hedge fund Harbinger Capital Partners LLC on Monday admitted wrongdoing as part of an $18 million fraud settlement with the U.S. Securities and Exchange Commission, as the agency broke with its long-standing policy of allowing defendants to neither admit nor deny guilt.
May 09, 2013
Philip Falcone and his hedge fund Harbinger Capital Partners LLC have struck an $18 million settlement in two U.S. Securities and Exchange Commission suits that includes a two-year industry ban for the once-celebrated investment manager, the firm said Thursday.
February 28, 2013
The U.S. Securities and Exchange Commission can sue Philip Falcone over market activity allegedly designed to spite Goldman Sachs Group Inc. even if the hedge fund founder lost money on them, a commission lawyer told a New York federal judge Thursday.