Hedge fund billionaire John Paulson has been hit with a $50million lawsuit by his longtime business partner over allegations he got him to invest $17million in a fraudulent deal.
Paulson, 67, has worked with Fahad Ghaffar in Puerto Rico since 2013, but a legal complaint has now lodged a wedge between the two men – with Ghaffar claiming the investment was 'misrepresented' to him.
Ghaffar, 42, invested the money into Paulson's F40 luxury car company in 2022, under the agreement that it would be converted into a 50 percent equity stake.
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