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

Nov 8 2013 | 10:36am 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

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...