Hedge fund wife alleges billionaire ex made a ‘sham’ $10M condo deal

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Hedge fund wife alleges billionaire ex made a ‘sham’ $10M condo deal
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Jenny Paulson is accusing her ex, John Paulson, of a “secretive web” to hide money from her. His lawyers call her claim a “money grab.”

John Paulson’s ex wife is accusing him of using a sham real estate deal to remove funds from a family trust.Kroy Biermann seemingly lists $3M Atlanta home facing foreclosure amid Kim Zolciak divorceJoshua Jackson and Jodie Turner-Smith spotted holding hands just 1 day before splitThings are getting even uglier in the ongoing, bitter divorce war between Jenny Paulson and her ex, billionaire hedge funder John Paulson.

On Wednesday, Jenny’s lawyer filed an amended complaint alleging that Paulson used a trust set up in 2009 to buy a “sham” apartment at the St. Regis Bahia Beach Resort in Puerto Rico.While the penthouse spot is worth $15 million, the suit alleges Paulson purchased it in 2020 for “an artificially low price of $5.

Paulson has been trying to dismiss the case, and a hearing was set for Thursday. His team is claiming the amended complaint is “a ruse to avoid a hearing. Jenny is afraid the case will be dismissed, and will do anything to avoid a hearing,” they fired back.Paulson is accused of paying an “artificial” price for a condo at the St. Regis Bahia Beach Resort in Puerto Rico.

The trusts, whose beneficiaries include their children, benefit “Paulson’s legal wife,” meaning that Jenny would be deprived of the assets upon their split, court papers show.

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