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 suedHarbinger, Falcone and Jenson in 2012. Harbinger and Falcone agreedlast 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.