{"id":21361,"date":"2011-03-22T06:55:40","date_gmt":"2011-03-22T10:55:40","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=21361"},"modified":"2011-03-22T06:55:40","modified_gmt":"2011-03-22T10:55:40","slug":"phil-falcone-pays-back-loan-he-took-from-investors-to-pay-personal-taxes","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2011\/phil-falcone-pays-back-loan-he-took-from-investors-to-pay-personal-taxes.html","title":{"rendered":"Phil Falcone Pays Back Loan He Took From Investors To Pay Personal Taxes"},"content":{"rendered":"<p>DealBreaker &#8211; Several months back, it\u00a0came to light that Phil Falcone had loaned himself some $113 million from one of Harbinger\u2019s funds to pay personal taxes. He didn\u2019t tell anyone about it at the time because he hadn\u2019t thought it was that big a deal but when investors finally heard about it in November, it turned out they were mighty pissed.<\/p>\n<p>Goldman and Blackstone pulled their entire investments from the flagship fund and even though they should\u2019ve take the loan as a postive sign (Falcone pays his taxes! Not everyone does that!), a bunch of clients feared it was a harbinger of not very good moments to come (some where also miffed about the fact that the loan was taken from a fund in which redemptions had been suspended).<\/p>\n<p><strong><a href=\"http:\/\/dealbreaker.com\/2011\/03\/phil-falcone-pays-back-loan-he-took-from-investors-to-pay-personal-taxes\/\" target=\"_blank\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>DealBreaker &#8211; Several months back, it\u00a0came to light that Phil Falcone had loaned himself some $113 million from one of Harbinger\u2019s funds to pay personal taxes. He didn\u2019t tell anyone about it at the time because he hadn\u2019t thought it [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-21361","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/21361","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=21361"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/21361\/revisions"}],"predecessor-version":[{"id":21362,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/21361\/revisions\/21362"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=21361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=21361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=21361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}