The IRS has long contended that Renaissance Technologies mischaracterized profits from its flagship Medallion Fund.
It’s the latest sign of lax controls in the Small Business Administration’s $212 billion loan program.
The group alleges that large corporations are stuffing the agency's mailbox.
The dispute is one of the largest ever handled by the IRS.
A resolution may entail “substantial” additional payments from investors in the flagship Medallion fund.
They want to outlaw a legal tactic that predatory lenders have frequently used to seize money from small businesses.
New York is investigating whether small business lenders are committing fraud or abusing the court system.
The New York hedge fund tycoon is now volunteering as a sheriff in Colorado county.
Renaissance employees have been accused of pocketing $6.8 billion through an "abusive" tax shelter.
For $250,000 a couple, donors can attend a “private roundtable” with the president.
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