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John Paulson Hid Billions in Secret Trusts, Wife Claims

  • Jenica Paulson sued husband in Manhattan state court Thursday
  • He filed for divorce in Long Island state court in September
Jenny and John Paulson attend a benefit in New York, in 2011.

Jenny and John Paulson attend a benefit in New York, in 2011.

Photographer: Amanda Gordon/Bloomberg

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John Paulson was accused by his wife Jenica of secretly creating a series of trusts to hide billions of dollars in assets from her in their divorce.

Jenica Paulson, 50, sued her husband Thursday in state court in Manhattan, claiming he and “a cadre of hand-picked agents and advisors” worked to establish three irrevocable trusts to make sure she didn’t get her “fair and equitable share of assets.” She is asking for at least $1 billion in damages from her “astronomically wealthy” husband.