Harbinger Hedge Fund Manager to Pay $30 Million in New York Tax Accord

(Reuters) An offshore hedge fund firm whose investing was led by money manager Philip Falcone will pay $30 million to resolve claims it knowingly evaded hundreds of millions of dollars of New York state and New York City taxes, officials said on Thursday.The settlement with Harbinger Capital Partners Offshore Manager LLC for violating the state’s False Claims Act was announced by state Attorney General Barbara Underwood and New York City Corporation Counsel Zachary Carter.

To read this article:

This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply