Friday, 27 November 2015
Last updated 30 min ago
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."
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…