“Today’s charges read like the final exam in a graduate school course in how to operate a hedge fund unlawfully,” Robert Khuzami, director of the S.E.C.’s division of enforcement, said in a statement. “Clients and market participants alike were victimized as Falcone unscrupulously used fund assets to pay his personal taxes, manipulated the market for certain bonds, favored some clients at the expense of others, and violated trading rules intended to prohibit manipulative short sales.” [Dealbook]

19 comments (hidden to protect delicate sensibilities)
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Comments (19)

  1. Posted by Guestosaurus | June 27, 2012 at 3:18 PM

    Yep, the force is strong in that one.
    B madoff

  2. Posted by Guest | June 27, 2012 at 3:22 PM

    That's gonna leave a mark.

  3. Posted by guest | June 27, 2012 at 3:25 PM

    It's true!

    - Kaplan Professor of Unlawful Hedge Fund Operations

  4. Posted by J. Cramer | June 27, 2012 at 3:30 PM

    He's gonna be fine, this is totally a misunderstanding!

  5. Posted by The Sword | June 27, 2012 at 3:31 PM

    Wilbur gets a dick in the ass tonight!

  6. Posted by guest | June 27, 2012 at 3:32 PM

    Mentally ill commenter says what?

  7. Posted by Wilbur | June 27, 2012 at 3:35 PM

    PF: Come on, I did all of these only because Wilbur told me so. He should be the one on the defendant.

  8. Posted by InfiniteGuest | June 27, 2012 at 3:38 PM

    I shudder to think what the Level III exam charges would look like.

  9. Posted by The Sword | June 27, 2012 at 3:38 PM

    What?

  10. Posted by Guest | June 27, 2012 at 4:26 PM

    Ha! You make funny joke in US and A.

  11. Posted by Guest | June 27, 2012 at 4:27 PM

    Couple margs at halftime and you'll nail it.

  12. Posted by guest | June 27, 2012 at 5:40 PM

    Why are there so many posts on falcone while also calling him pig i.e. swine? This site is run by two jews…I can’t help but think you are motivated to bring down a non jew on wall st. Your people aren’t content with just controlling the perverts in hollywood and the media you want all gentiles out of finance too. Anything to further your zionist agenda huh? we all know the jews forced the governments hand to shut falcone down

  13. Posted by Trebek | June 27, 2012 at 8:40 PM

    For the last time Mr. Connery, the category is "S – Words" not "Swords"

  14. Posted by DingALing | June 27, 2012 at 5:23 PM

    It's either his returns or the SEC, either way, Falcone is fucked

  15. Posted by Lisa F. | June 27, 2012 at 10:24 PM

    Actually, unless the situations vis a vis both of those rectify themselves, no, he isn't

  16. Posted by Palmolive Rep | June 28, 2012 at 12:42 PM

    Am I the only one who notices his dish-pan hands?

  17. Posted by Richard Head | June 28, 2012 at 2:13 PM

    After years of banging Lisa up the ass, Phil is gonna get a reach around from Bubba

  18. Posted by kpwriting.com | June 28, 2012 at 5:15 PM

    Lol. It's all very cool

  19. Posted by imilarcictami | September 30, 2012 at 9:28 PM