Paulson Seeks Sanctions on Ex-Partner, Lawyers Over Fraud Suit

John Paulson asked a judge to sanction his former Puerto Rico business partner and his lawyers for filing a “frivolous and scandalous” lawsuit accusing the hedge fund titan of fraud.

Fahad Ghaffar’s claims that Paulson cheated him in a $17 million investment in a luxury automobile dealership were “demonstrably false,” the billionaire said Monday in a filing in federal court in Puerto Rico. Paulson said that Ghaffar and his lawyers brought the suit “solely for the purpose of harassing, defaming and denigrating” him.

Fahad Ghaffar and John Paulson

Source: Fahad Ghaffar

Paulson asked the court to order Ghaffar and his lawyers to cover his expenses arising ...