{"id":1491,"date":"2014-07-30T16:49:12","date_gmt":"2014-07-30T16:49:12","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2014\/07\/sec_news_exharbinger_coo_settl"},"modified":"2022-03-11T13:24:05","modified_gmt":"2022-03-11T19:24:05","slug":"sec-news-exharbinger-coo-settl","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-news-exharbinger-coo-settl\/","title":{"rendered":"SEC News: Ex-Harbinger COO Settles Hedge Fund Fraud Case and Regulator Files More Charges in \u201cSolar Farm\u201d Scam and Football-Like Boiler Room Case"},"content":{"rendered":"

\t\t\t\tEx- Harbinger Capital Partners LLC COO Admits Wrongdoing in Hedge Fund Case <\/strong><\/p>\n

Peter A. Jenson, the former chief operating officer at Harbinger Capital Partners LLC, has agreed to pay $200,000 and admit to wrongdoing in the U.S. Securities and Exchange Commission’s case accusing him of assisting in hedge fund fraud<\/a>. The scam involved his former firm and its owner Philip A. Falcone and sought to misappropriate millions of dollars so Falcone could pay his taxes.<\/p>\n

The SEC charged Jenson, Falcone, and Harbinger in 2012. As part of his settlement, Jenson is acknowledging that he knew about the violations committed by Harbinger and Falcone. He said that he helped Falcone take part in a related party loan by failing to make sure the lender, Harbinger Capital Partners Special Situations Fund, had its own counsel, the loan was consistent with the fiduciary duties that Falcone owed the Special Situations Fund, and that Falcone paid an interest rate on the loan that was “above market.” <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Ex- Harbinger Capital Partners LLC COO Admits Wrongdoing in Hedge Fund Case Peter A. Jenson, the former chief operating officer at Harbinger Capital Partners LLC, has agreed to pay $200,000 and admit to wrongdoing in the U.S. Securities and Exchange Commission’s case accusing him of assisting in hedge fund fraud. The scam involved his former […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3760],"tags":[3441,2545],"class_list":["post-1491","post","type-post","status-publish","format-standard","hentry","category-sec-enforcement","tag-boiler-room","tag-penny-stock-fraud"],"yoast_head":"\nSEC News: Ex-Harbinger COO Settles Hedge Fund Fraud Case and Regulator Files More Charges in \u201cSolar Farm\u201d Scam and Football-Like Boiler Room Case — Investor Lawyers Blog — July 30, 2014<\/title>\n<meta name=\"description\" content=\"Ex- Harbinger Capital Partners LLC COO Admits Wrongdoing in Hedge Fund Case Peter A. 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