Philip A. Falcone and Harbinger Charged with Securities Fraud

Washington, D.C., June 27, 2012 — The Securities and Exchange Commission today filed fraud charges against New York-based hedge fund adviser Philip A. Falcone and his advisory firm, Harbinger Capital Partners LLC for illicit conduct that included misappropriation of client assets, market manipulation, and betraying clients. The SEC also charged Peter A. Jenson, Harbinger’s former Chief Operating Officer, for aiding and abetting the misappropriation scheme. Additionally, the SEC reached a settlement with Harbinger for unlawful trading.
http://sec.gov/news/press/2012/2012-122.htm

Additional Materials

• SEC Complaint: Harbinger Capital Partners LLC; Philip A. Falcone; and Peter A. Jenson
• SEC Complaint: Philip A. Falcone, Harbinger Capital Partners Offshore Manager, L.L.C., and Harbinger Capital Partners Special Situations GP, L.L.C.
• SEC Complaint: Harbert Management Corporation, HMC-New York, Inc. and HMC Investors, LLC
• SEC Administrative Proceeding