Phil Falcone’s Former Offshore Fund Settles Tax Abuse Claims

The one-time hedge fund hotshot will soon be eligible to get back into the business.

Steve Taub December 20, 2025

Philip Falcone, president and chief executive officer of Harbinger Capital Partners

(Christopher Goodney/Bloomberg)

Philip Falcone is back in the news and, once again, it’s not for good reasons.Harbinger Capital Partners Offshore Manager, an offshore hedge fund that was previously managed by Falcone, agreed to pay $30 million stemming from claims it failed to pay New York State and

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