Wilbur Falcone

  • Phil Falcone

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    Christmas Comes Early At Casa De Falcone

    Phil knew that this was more than just a threat. In all the years they’d been living together, he’d never seen her so mad, not even after she’d discovered he’d been hawking her vintage Hermes scarves for cash last summer. No, she’d really had it with him this time. It’d been more than three years […]

    / Nov 25, 2014 at 1:59 PM
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    Phil Falcone Is Thinking Things

    Like maybe now that he’s got all this free time on his hands, he should lace up his skates and whip the New York Islanders into shape? With his afternoons unoccupied for the next four years and his old Harvard game plans already dug out of the attic, the three-time Ivy League hockey champion is […]

    / Sep 15, 2014 at 2:15 PM
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    The Abrupt Cancellation Of Phil Falcone’s 2012 Birthday Party: An Inside Job?

    Two years ago, like a modern day Noah, Nicholas Jacinto arrived at the townhouse of billionaire Phillip Falcone with a menagerie of exotic animals. He carted a sloth, a king snake, a lemur, a marmocet, a hedgehog and a Brazilian aardvark into the hedge fund king’s $50 million Upper East Side home to set up […]

    / Jan 22, 2014 at 3:30 PM
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    The Yet-To-Be Finished Memoir Of Wilbur P. Falcone: Part II

    The light streaming into the hotel room blinded Wilbur. Or at least she thought it was a hotel room. She didn’t actually know where she was, or what time it was, or who the guy passed out next to her was. The only thing she knew for sure was that she had a pounding headache […]

    / Aug 21, 2013 at 5:54 PM
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    Phil Falcone Is Just Going To Start Suing Everyone

    Once the Harbinger founder got a taste of how good it felt to serve someone papers, he just couldn’t stop. This morning it was the entire GPS industry; tomorrow, anyone who sold their LightSquared debt to Charlie Ergen, these guys, for not winning the Stanley Cup, and maybe the SEC, in some sort of countersuit. […]

    / Aug 9, 2013 at 3:51 PM
  • philfalconeharbinger

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    LightSquared Creditors Seek Permission To Go After Mrs. Phil Falcone’s Shoe Collection

    Remember Phil Falcone? Hedge fund manager about yea high? Cuts his hair like he’s still playing professional hockey? Is betting the farm on a company called LightSquared that “seeks to create connectivity for all” but in doing so might “cost 794 lives in aviation accidents over 10 years with disruptions to satellite-aided navigation” and filed for Chapter 11 bankruptcy last May? Anyway, LightSquared’s creditors were in court today asking for the right to go after Big Phil/Harbinger, who they believe screwed them big time.

    / Jan 9, 2013 at 6:09 PM
  • News

    Lisa Maria Falcone Had A Less Than Great Labor Day Weekend

    It’s no secret that one of our favorite hedge fund wives is Lisa Maria Falcone. Whether she’s imploring bitches to throw their hands in air, hiring little people for her twin daughters’ birthday party, spooning her pet pig, or simply flitting about town in outfits that go from gladiator chic to deconstructed “Like A Virgin,” the woman is her own special brand of fabulous. LMF started keeping a considerably lower profile once her husband Phil’s hedge fund hit a streak of bad luck though we always knew she’d be back. Unfortunately, we’d hoped the woman who does what she wants, haters of the Upper East Side be damned, would return with the news her production company was putting the finishing touches on Wilbur Falcone’s debut album and not this:

    …at 2:25 p.m., 48-year-old Lisa Marie Falcone of Manhattan crashed her vehicle at the corner of Montauk Highway and Hayground Road in Bridgehampton, police said. She was found to be to be under the influence of alcohol and prescription medication, police said. Falcone…was charged with driving while intoxicated.

    Listen, lady: Throwing back a few cocktails when your closet is having two-for-one happy hour is one thing but getting loaded up on booze and pills and going for a drive is quite another. You could have hurt someone or yourself and then Phil would’ve had to raise Wilbur on his own. Is that what you want?

    2 Charged With DWI Crashes in Hamptons [Long Island Press, mugshot via BI]

    / Sep 4, 2012 at 1:15 PM
  • News

    Phil Falcone Is Turning His Life Around

    To put it lightly, the last couple years have been a rather dark time for Phil Falcone. Though his woes are too numerous to mention in full, they include: the adversity he’s faced in getting people to believe in LightSquared; his unbelievably pissy investors, who still aren’t over the time he borrowed $113 million from a gated fund to pay personal taxes, or offered to pay out redemptions in illiquid LightSquared equity; the Securities and Exchange Commission, which wants him banned from the industry for life; the woman who once offered a respite from it all, who now won’t even come out of her room when she knows he’s home; and, of course, the plunging returns in his once highly profitable hedge fund. It would be enough to make a grown man say ‘Fuck, it. I’m done.’ Put a few things in a sack, tie it to the blade of a hockey stick, and hitchhike back to Minnesota. But Phil didn’t do that and now? After a merciless storm of shit that felt like it would never ease up? After long days of investors and regulators breathing down his neck and nights of having to pound on the front door because he was accidentally purposely locked out of the house? The tide feels like it’s turning for Philip Falcone.

    Beleaguered hedge fund honcho Phil Falcone’s big bet on his own publicly traded entity, Harbinger Group, is helping to lift his troubled hedge fund, Harbinger Capital Management, out of the deep end. Falcone’s flagship fund posted returns of 10.6 percent in July and a whopping 28 percent gain in June.

    Of course, he’s still down 5.8 percent year-to-date, and the the director of the SEC’s division of enforcement wants hedge fund graduate schools to use Harbinger as a case study during the unit on “how to operate a hedge fund unlawfully,” but tonight? Tonight he tells Lisa to treat herself to something nice. Tonight he tells Wilbur to pull the baby grand out of the closet, where it’s sat untouched for months. Tonight his key works in the lock. Tonight we dance.

    Phil Helps Himself [NYP]

    / Aug 16, 2012 at 11:23 AM