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prima:John Paulson sues Fahad Ghaffar for alleged fraud, embezzlement and unjust enrichment

The lawsuit was filed this afternoon in federal court, where the billionaire alleges a dozen fraud schemes by his former right-hand man, his wife, and other family members

October 19, 2023 - 8:49 AM

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The 74-page lawsuit details 21 counts against Ghaffar for alleged fraud and deceptive schemes to siphon money from Paulson’s companies for his own benefit and that of the Pakistani-born investor’s friends and family. (Wanda Liz Vega Dávila)

Seeking $189.6 million in damages for alleged fraud, embezzlement, unjust enrichment, and other alleged illegal acts, U.S. investor John Paulson filed a lawsuit Monday in federal court against his former partner, Fahad Ghaffar.

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