Tuesday, September 4, 2012

Daily Dish: Fund Founder's Wife Charged With DWI



The last thing that Harbinger Capital Management founder Philip Falcone needed was another problem. But that's exactly what he's got after his wife was charged with drunk driving over the holiday weekend.

Lisa Marie, Falcone's colorful spouse, allegedly crashed her car in Bridgehampton, N.Y., on Saturday afternoon. Police say she was both drunk and on prescription medication.
Falcone was charged with driving while intoxicated. No one was injured.  Falcone was released on her own recognizance and was back in court today, when her case was adjourned until Oct. 3, pending the results of a blood test.

Falcone's husband is currently fighting a Securities and Exchange Commission fraud lawsuit while simultaneously trying to save his troubled wireless Internet venture, LightSquared, and turn his hedge fund, which lost almost half of its value last year, around….

Wait…wait…there’s more at http://www.finalternatives.com/node/21465

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