Source: New York Post
There has been no soft landing for the formerly high-flying Phil Falcone. Once a hedge-fund superstar worth $2 billion, bad investments have left him having to sell off his prized possessions to pay his bills: Upper East Side townhouses, a Hamptons mansion, a custom made grand piano, all gone. Now he is in a legal tussle with a pawnbroker over millions of dollars of goods he and movie producer wife Lisa Maria Falcone put up as collateral, according to court records.
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