SEC Said to Sue Against Harbinger’s Phil Falcone

SEC Said to Sue Against Harbinger’s Phil Falcone Play

June 26 (Bloomberg) -- Philip Falcone, the billionaire founder of Harbinger Capital Partners LLC, faces a lawsuit from U.S. regulators as soon as this week over claims he improperly borrowed client funds to pay his taxes and gave preferential treatment to Goldman Sachs Group Inc., according to two people familiar with the matter. Mark Crumpton reports on Bloomberg Television's "Bottom Line." (Source: Bloomberg)

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