Harbinger In SEC's Sights Over Alleged Market Manipulation

Dec 9 2011 | 12:18pm ET

The Securities and Exchange Commission may bring fraud charges against Harbinger Capital Management founder Philip Falcone and two other executives at the hedge fund.

The SEC is probing several matters, among them possible manipulative debt trading from 2006 through 2008, when Harbinger made a mint betting against subprime mortgages. The New York-based hedge fund had disclosed the investigation in April, but gave no indication a lawsuit was possible.


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