Statistically inferred neuronal connections from observed spike train data are often skewed from ground truth by factors such as model mismatch, unobserved neurons, and limited data. Spike train covariances, sometimes referred to as "functional connections," are often used as a proxy for the connections between pairs of neurons, but reflect statistical relationships between neurons, not anatomical connections. Moreover, covariances are not causal: spiking activity is correlated in both the past and the future, whereas neurons respond only to synaptic inputs in the past. Connections inferred by maximum likelihood inference, however, can be constrained to be causal. However, we show in this work that the inferred connections in spontaneously active networks modeled by stochastic leaky integrate-and-fire networks strongly correlate with the covariances between neurons, and may reflect noncausal relationships, when many neurons are unobserved or when neurons are weakly coupled. This phenomenon occurs across different network structures, including random networks and balanced excitatory-inhibitory networks. We use a combination of simulations and a mean-field analysis with fluctuation corrections to elucidate the relationships between spike train covariances, inferred synaptic filters, and ground-truth connections in partially observed networks.