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NEW YORK (Reuters) - The billionaire hedge fund manager Thomas Sandell has paid $105 million in back taxes and damages to settle charges he defrauded New York state and New York City out of taxes on a decade s worth of fees, officials said on Tuesday.
Sandell, a principal at Sandell Asset Management Corp, did not admit or deny wrongdoing in settling claims by state Attorney General Letitia James and New York City Corporation Counsel James Johnson, who jointly announced the settlement.
The claims arose from Sandell s having deferred paying taxes on $450 million of management and performance fees he earned from overseeing offshore hedge funds from 1998 to 2008. ....

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