Falcone to Pay $18 Million, Admit Fault in SEC Case

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Aug. 19 (Bloomberg) -- Billionaire hedge-fund manager Philip Falcone and his firm Harbinger Capital Partners LLC agreed to pay $18 million and admit wrongdoing to settle claims by the U.S. Securities and Exchange Commission, the regulator said today. Sara Eisen and Su Keenan report on Bloomberg Television's "Street Smart." (Source: Bloomberg)

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