Falcone Resigns From Harbinger in Hedge Fund Focus

The transcript discusses Phil Falcone's settlement with the SEC over improper borrowing from his hedge fund, his role in Harbinger Group, and the bankruptcy of LightSquared. It highlights the challenges faced by hedge fund managers like Falcone, John Paulson, and Steve Cohen post-financial crisis. Falcone's financial troubles, including cash flow issues despite his wealth, are explored, along with his resignation package from Harbinger Group.

What financial issues did Phil Falcone encounter related to his personal tax situation?

How did Phil Falcone's financial situation compare to that of John Paulson?

What was the nature of the lump sum payment Phil Falcone received upon his resignation?