Falcone Admits Wrongdoing In Landmark $18M SEC Pact

By Max Stendahl ( August 19, 2013, 4:41 PM EDT) -- 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....

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