SEC Wraps up Case Against Hedge Fund

WASHINGTON (CN) - Former Harbinger Capital Partners COO Peter A. Jenson will pay $200,000 to settle charges that he assisted a scheme to let its owner Philip Falcone misappropriate millions of dollars from a hedge fund to pay Falcone's personal taxes, the SEC said Monday.
     The SEC sued Harbinger, Falcone and Jenson in 2012. Harbinger and Falcone agreed last year to pay $18 million and admit wrongdoing.
     Now Jenson has agreed to pay the fine, and be suspended from the securities industry for 2 years, the SEC said Monday.