John Paulson, Subprime God, Flees Muddy Waters: William Pesek

June 22 (Bloomberg) -- Suddenly finance god John Paulson isn’t looking so omniscient. The New York-based hedge-fund manager was the star of the 2008 subprime crisis, capitalizing on Wall Street’s misrepresentations to the tune of $15 billion betting against U.S. mortgages. Now, fraudsters may have taken him in.

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