Truth & Rumors > NHL

Wild owner penalized $18M

Views
3979
Comments
39

07:25 AM ET 08.21 | While the fine may be relative, it remains steep. The minority owner and general partner of the National Hockey League's Minnesota Wild was just given a stiff penalty by the Securities and Exchange Commission. Billionaire Philip Falcone will not have to go to the penalty box, but he and his hedge fund, Harbinger Capital Partners, will pay $18 million to settle SEC charges over Falcone's use of firm money and other accusations, regulators said Monday. SEC: "Falcone and Harbinger engaged in serious misconduct that harmed investors, and their admissions leave no doubt that they violated the federal securities laws," said Andrew Ceresney, co-director of the SEC's enforcement division. "Falcone must now pay a heavy price for his misconduct by surrendering millions of dollars and being barred from the hedge fund industry."

Forbes.com

Mikko Koivu, Getty Images Mikko Koivu, Getty Images
August 21, 2013  08:15 AM ET

Barred from the hedge fund industry, does this mean he will be more hands on with the Wild? If not, what the *#$% does this have to do with hockey? It's like the NHL handed out an $18M fine.

Comment #2 has been removed
Comment #3 has been removed
Comment #4 has been removed
August 21, 2013  08:41 AM ET

What's this have to do with Mikko Koivu?

August 21, 2013  08:56 AM ET

I can't go past page one, this site is a mess.

August 21, 2013  09:12 AM ET

"I can't go past page one, this site is a mess."

We might have to change the name to Leaf Nation.

August 21, 2013  09:41 AM ET

Not again!?!

August 21, 2013  09:42 AM ET

Quote 7

LMFAO!

August 21, 2013  09:49 AM ET

Quote 8

Yep. Or still.

August 21, 2013  09:52 AM ET

really guys, what the hell here?

August 21, 2013  09:52 AM ET

really guys, what the hell here?

August 21, 2013  10:05 AM ET

I'll just stare at that catuchas over there all day -------------------------------->

August 21, 2013  10:06 AM ET

Hump Daaaaaaaaaaaaaaaaaaaaaaaaay!

Woot Woot

August 21, 2013  10:06 AM ET

Hump Daaaaaaaaaaaaaaaaaaaaaaaaay!

Woot Woot

August 21, 2013  10:06 AM ET

Hump Daaaaaaaaaaaaaaaaaaaaaaaaay!

Woot Woot

August 21, 2013  10:06 AM ET

Hump Daaaaaaaaaaaaaaaaaaaaaaaaay!

Woot Woot

August 21, 2013  10:06 AM ET

Hump Daaaaaaaaaaaaaaaaaaaaaaaaay!

Woot Woot

August 21, 2013  10:06 AM ET

Hump Daaaaaaaaaaaaaaaaaaaaaaaaay!

Woot Woot

 
August 21, 2013  10:06 AM ET

Hump Daaaaaaaaaaaaaaaaaaaaaaaaay!

Woot Woot

Comment

Remember to keep your posts clean. Profanity will get filtered, and offensive comments will be removed.


Truth & Rumors

MOST POPULAR

  1. 1
    D'Antoni's newest 'blunder'
    Views
    2222
    Comments
    866
  2. 2
    Baseball's top 2015 free agent
    Views
    2056
    Comments
    527
  3. 3
    Shakeup looms for White Sox
    Views
    2351
    Comments
    163
  4. 4
    The NHL's model franchise?
    Views
    2053
    Comments
    139
  5. 5
    Cup drought weighing on Sid
    Views
    2350
    Comments
    107

SI.com

SI Photos