Billionaire Democratic Funder Faces IRS Probe for Tax Avoidance

RALEIGH – Billionaire hedge-fund manager Jim Simons, a major contributor to a Democratic political candidates, funds, and causes, has come under fire from the IRS for ducking billions in federal taxes. He’s a major donor to the Senate Majority PAC, which has spent millions of dollars supporting Sen. Kay Hagan and attacking her GOP opponent Thom Tillis.