Tag: Harbinger Capital Partners
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LightSquared Backer Falcone Charged By SEC With Securities Fraud
This week, the U.S. Securities and Exchange Commission (SEC) filed fraud charges against LightSquared backer Philip Falcone and his advisory firm, Harbinger Capital Partners LLC. The hedge fund owns most of the troubled LightSquared. Philip A. Falcone and Harbinger Charged with Securities Fraud
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LightSquared Bankruptcy Now A Possible Option For Investor Phil Falcone
Phil Falcone, who invested around $3 billion in LightSqaured through his hedge fund Harbinger Capital Partners, is now considering placing the troubled broadband wireless company in bankruptcy.