Meet the Billionaire and Rising GOP Mega-Donor Who’s Gaming the Tax System

Posted on AllSides June 21st, 2022
From The Left
Photo illustration by Lisa Larson-Walker/ProPublica. Photo by Eddie Malluk.

One day in July 1985, three young men from Philadelphia, their lawyer and a burly Pinkerton guard arrived at a horse track outside Chicago carrying a briefcase with $250,000 in cash.

Running the numbers on a Compaq computer the size of a small refrigerator, Jeffrey Yass and his friends had found a way to outwit the track’s bookies, according to interviews, records and news accounts. A few months earlier, they’d wagered $160,000, gambling that, with tens of thousands of bets, they could nail the exact order of seven horses in...

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