Billionaire John Paulson hit with $50M lawsuit by business partner Fahad Ghaffar for alleged fraud

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“I love Puerto Rico, and I’m very disappointed” in Paulson’s conduct, Ghaffar tells Page Six in an exclusive statement.

“We have the utmost faith in the federal courts of Puerto Rico, and I find it very upsetting that someone who had been involved in the securities industry would be permitted to behave this way,” adds Ghaffar’s attorney, Martin Russo.

A spokesperson for Paulson PRv called Ghaffar’s lawsuit a “baseless attempt to deflect attention” from Ghaffar’s alleged misconduct and said they intend to file a counter-complaint against Ghaffar.

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