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Phil Falcone’s Former Offshore Fund Settles Tax Abuse Claims

The one-time hedge fund hotshot will soon be eligible to get back into the business.

Philip Falcone is back in the news and, once again, it’s not for good reasons.Harbinger Capital Partners Offshore Manager, an offshore hedge fund that was previously managed by Falcone, agreed to pay $30 million stemming from claims it failed to pay New York State and New York City taxes, according

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