Phil Falcone and hedge fund Harbinger to pay $18M to settle with SEC; Falcone barred 5 years

  • Article by: CHRISTINA REXRODE , Associated Press
  • Updated: August 19, 2013 - 6:02 PM

NEW YORK — Hedge fund titan Phil Falcone and his firm, Harbinger Capital Partners, will pay $18 million to settle Securities and Exchange Commission charges over Falcone's use of firm money and other accusations, regulators said Monday.

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