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        <title><![CDATA[Phil Falcone can’t pay $14 million legal tab, lawsuit claims]]></title>
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        <lastBuildDate>Mon, 14 Sep 2020 18:27:18 +0000</lastBuildDate>
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            <media:title type="html">Phil Falcone can’t pay $14 million legal tab, lawsuit claims</media:title>
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        <content:encoded><![CDATA[<p class="p2">One-time billionaire hedge funder Phil Falcone is cash-poor and can’t pay a nearly $14 million legal tab owed to a law firm, according to a new lawsuit.</p><p class="p2">The controversial financier — whose wife, Lisa Falcone, landed on Page Six for <strong>name-dropping Alicia Keys</strong> and using the N-word in front of her black personal chef — claims he is “illiquid and unable to pay the judgment,” the Manhattan Supreme Court filing alleges.</p><p class="p2">The law firm, Dontzin Nagy and Fleissig LLP, has asked a judge to force private banking firm Fieldpoint to turn over Falcone’s assets to satisfy the debt.</p><p class="p2">The suit describes Falcone as a former “Wall Street legend” with a one-time net worth of $2 billion derived from capitalizing on the 2008 market collapse.</p><p class="p2">In 2019, Falcone sold his East 67th Street townhouse for $77.1 million, <strong>a record sale</strong> at the time, and in 2017, he unloaded his <strong>St. Barts mansion</strong> for $57.4 million.</p><p>Last year, the couple&#8217;s former chef Brian Villanueva quit, then sued them after Lisa Falcone allegedly dropped the racial epithet while he was cooking for their Hampton&#8217;s dinner party. She allegedly tried to defend herself by telling Villaneuva to &#8220;talk to her black friends,&#8221; referring to Keys and her husband, Swizz Beatz. &#8220;They will tell you I&#8217;m not racist,&#8221; she allegedly said.</p><p>Falcone&#8217;s attorney couldn&#8217;t immediately be reached for comment.</p>]]></content:encoded>
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