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(Bloomberg) — Hedge funds billionaire John Paulson used a great sham purchase of a good luxury penthouse flat inside the Puerto Rico so you’re able to badly enhance themselves because of the $10 billion at the cost of their family relations faith, their spouse states from inside the a suit accusing your off concealing billions regarding cash when you look at the assets in their divorce.
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Jenica Paulson claimed their own spouse conformed inside the 2020 to purchase the latest apartment in the St. Regis Bahia Seashore Resort for a forcibly good deal out of $5.6 million regarding an effective 2009 members of the family faith, and this had the property. The new penthouse happens to be well worth $fifteen mil, she told you from inside the an up-to-date criticism, submitted into the state legal in New york Wednesday. Your order effectively enjoy him to afrointroductions remove $10 billion from the trust that he wasn’t eligible to, she said.
John Paulson, 67, has a websites value of $5.step one million, with regards to the Bloomberg Billionaires Directory. Within her lawsuit, Jenica Paulson accused your out of covertly starting a trio out-of irrevocable trusts, ostensibly to profit their one or two college students however, in reality to shield assets getting themselves.