racketeering

Hedge fund billionaire John Paulson has filed a lawsuit against his former business partner, Fahad Ghaffar, and his family members, alleging fraud and racketeering. Paulson claims that Ghaffar siphoned millions of dollars, billed personal expenses, and directed business to his relatives’ firms. In response, Ghaffar’s attorney dismissed the lawsuit as a publicity stunt and expressed confidence in dismantling the allegations.