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Harbinger to pay redemptions in illiquid LightSquared equity (Magazine Version)

Harbinger Capital founder Phil Falcone made his name betting against subprime and racking up huge gains in 2007, but he earned notoriety for angering his investors after shoving illiquid investments into side pockets in 2008. Now it seems Falcone has done it again. In June, he told investors who wanted

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