John Paulson bans Puerto Rico partner Fahad Ghaffar from luxe hotelsagainst him alleging fraud — has now hit back with a RICO suit, claiming 21 counts of misconduct and demanding $189.6 million in damages.
Paulson and Ghaffar worked closely together on several Puerto Rico properties including La Concha Hotel, the Vanderbilt Hotel, the Condado Beach Club, the St. Regis Hotel and the Bahia Beach Resort.
The court papers claim he also racked up a huge tab on designer clothing, dropping more than $45,000 on Chanel, and $102,000 “in personal Louis Vuitton purchases in St. Barths.
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