Fund Chief's Ex Owes Tax On Secret Hedge Fund: Tax Court

Law360, New York (February 25, 2014, 5:29 PM EST) -- The ex-wife of a California hedge fund manager owes taxes on income she received through a 'wildly successful' fund he formed without her knowledge after the pair legally separated in 2002, the U.S. Tax Court ruled Tuesday.

The court ruled against Ann S. Carrino, who challenged the Internal Revenue Service's determination that she owes tax on more than $758,000 she received through the C.R.Trader LP fund managed by her ex-husband Vincent Carrino. Although she was not initially aware of the the fund, it was created while...
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