Harbinger Founder's Wife Won't Face Drunk-Driving Charges

Nov 8 2013 | 11:36am ET

Harbinger Capital Management founder Philip Falcone's wife has been cleared of drunk-driving charges.

Lisa Marie Falcone was arrested last September in Bridgehampton, N.Y., after crashing her Mercedes SUV. She admitted to the police that she had had a drink and had taken a prescription painkiller, and was taken into custody even after passing a Breathalyzer test.

With toxicology reports showing only a small amount of alcohol and trace amounts of drugs in her system, the Suffolk County District Attorney's office has elected not to take the case any further. Falcone was also cited for driving with an expired license, but paid a desk ticket for that infraction.

"She is relieved because she wasn't drinking and driving," a source told the New York Post. "Lisa spent six hours in a cell, even though she passed the Breathalyzer test. Phil making a huge scene really didn't help matters."


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

CAIS: How Technology is Disrupting the Alternative Investment Industry

Nov 7 2017 | 5:35pm ET

If there’s one thing that alternative investment professionals can agree on, it...