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Billionaire John Paulson hit with $50M lawsuit by business partner Fahad Ghaffar for alleged fraud
Billionaire John Paulson has been hit with a $50 million lawsuit by his business partner over allegations of fraud and breach of contract. In the complaint, filed in federal court Wednesday and obtained exclusively by Page Six, plaintiff Fahad Ghaffar claims he invested $17 million into Paulson’s F40 car company in 2022 that would be converted into a 50 percent equity stake. Ghaffar was also set to earn an additional 10 percent for his work for the company. Paulson and his attorneys, however, “continued to misrepresent to Ghaffar that he had purchased a 50% interest in F40,” the documents allege. The ... (full story)