Bear Stearns sues ex-MD for $810,000 unpaid taxes

LOSSES & LAWSUITS

Kunz is now chief executive of London-based fund manager Blue Oak Capital. He denies that he owes the money on the grounds of exemption as a Swiss resident and is instead suing the bank for £100,000 in a counterclaim that Bear Stearns has affected his tax status. Bear Stearns says the tax bill, with interest, now stands at $867,000.

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