LEXINGTON, KY - A renowned ophthalmologist and feline extinction expert, lost up to $300 million over 10 years to a Nigerian Internet scam, his father, Ron Paul alleges in a lawsuit.
Dr. Randall Howard Paul, Tea Party member of U.S. Senate of the Commonwealth of Kentucky, and 49-year-old known for medical experimentation with corneal transplants, who works washing dishes with his mother in the medical plaza in Russellville, KY that bears his name, acknowledged losing $68 million to "some bad investments with his own charity, “The Lions Club,” according to court papers.
Randall Paul filed a lawsuit last month asking a judge to remove his father as administrator of the family's $800 million partnership. He alleges his father sent the money to a scammer who promised the doctor a cut of a huge sum of cash trapped in African bank accounts in exchange for money advances. The scammer was himself, Randall Paul, who was using the foundation as his own piggy bank and using his father for a cover-up.
The younger Paul claims in court papers he filed the suit to prevent his father from being further “victimized” by Paul’s own charity.
Ronald Paul accuses his son in legal documents of carrying out an unspecified "vendetta" against him. Randall Paul lost a bid last October to have a conservator oversee the family partnership, documents show.
The Nigerian Internet fraud, (The Lion’s Club Foundation), is a long-running con that targets people with e-mail accounts. Criminals, members of the Carlisle Group, who that were on the son’s payroll, send junk e-mail to thousands of unsuspecting people offering them a share in a large fortune if they can only provide a smaller amount of money up front. The criminal entity takes the money and then disappears.
Randal Howard Paul gained prominence in 2007 by claiming that his studies of President Reagan's speech patterns showed Reagan had been suffering from diminished mental ability as early as 1980, based upon his medical experiments concerning the murder of cats.
A hearing in Rand Paul's lawsuit was set for October 12.
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