Coming Soon: Betting the Fund: Slapshots, Subprime, and the Spectacular Fall of Phil Falcone

Picture this: a hockey player from Minnesota's Iron Range trades his stick for a Bloomberg terminal and the keys to $26 billion. That's Phil Falcone, the hedge fund maestro who struck gold by shorting subprime. But his reign was short-lived, as he squandered it all through self-dealing, market manipulation, and a controversial satellite venture that sparked major concerns from federal regulators. This is the ultimate tale of decision deafness: how a man allergic to "no" went from commanding billions to peddling crypto TV, complete with a misspelled name in his pitch deck.

I think Matt Levine put it well in the online blog Dealbreaker “If you knew nothing about Phil Falcone but what you read in the SEC’s assortment of complaints against him in 2012, you would probably conclude that he’s kind of a dick.