And to top things off, the government said Falcone illegally gave himself a $113 million loan from the fund to pay for his personal taxes, something that made investors especially angry because they could not access their own money. But Falcone contends that lawyers signed off on his loan, which sources close to Falcone said he has repaid.
Separately, the Securities and Exchange Commission also charged Peter Jenson, Harbinger's former chief operating officer, with aiding and abetting the misappropriations scheme.
In addition to those charges, Harbinger also settled a separate SEC action alleging unlawful trading by agreeing to pay a $428,975 fine, plus $857,950 in disgorgement and $91,838 in prejudgment interest. A spokesman for Harbert Management, which had a big stake in Falcone, was not immediately available for comment.
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