Former Hedge Fund Tycoon is Raising Funds for Crypto TV

May 18, 2022

Disgraced hedge fund star Phil Falcone is now pitching Blockchain TV to investors. 

Falcone is known for making billions for investors and himself in his Harbinger Capital by shorting subprime in 2007.

However, Falcone’s next company LightSquared filed for bankruptcy in 2102. 

The Harvard alumnus was forced to sell everything to pay off his $100 million debt. 

According to the New York Post, Falcone enlisted former music executive Charlie Walk to help him sell the concept and raise funds for the crypto-dedicated TV channel.

Falcone in planning to launch the Blockchain TV in the third quarter of 2022.

Falcone already owns broadcast stations under the name Madison Technologies, which was rebranded to GoTV last year.