From my favorite Hillarycrat apologist, Digby:

Bannon's Daddy Warbucks on the hot seat

In a letter to investors reviewed by The Washington Post, Mercer noted he has come under intense scrutiny for his financing of Breitbart, his relationship with former White House strategist Stephen K. Bannon and his backing of conservative provocateur Milo Yiannopoulos.

“Of the many mischaracterizations made of me by the press, the most repugnant to me have been the intimations that I am a white supremacist or a member of some other noxious group,” Mercer wrote. “Discrimination on the basis of race, ethnicity, gender, creed, or anything of that sort is abhorrent to me. But more than that, it is ignorant.”

One little problem. Mercer is being sued:

One possible reason that Mercer is urgently attempting to rehabilitate his public image is a lawsuit filed by former Renaissance Technologies partner David Magerman, who has publicly accused Mercer of being a racist.

Based on the following allegations:;

Magerman’s lawsuit revealed that Mercer told him that he believes the following things:

a) The United States began to go in the wrong direction after the passage of the Civl Rights Act in the 1960s;

b) African Americans were doing fine in the late-1950s and early-1960s before the Civil Rights Act;

c) The Civil Rights Act “infantilized” African Americas by making them dependent on government and removing any incentive to work;

d) The only racist people remaining in the United States are black; and

e) White people have no racial animus toward African Americans anymore, and if there is any, is it not something that the government should be concerned with.

https://www.rawstory.com/2017/11/robert-mercers-shunning-of-milo-yiannop...

Back to Digby:

The Internal Revenue Service is demanding a whopping $7 billion or more in back taxes from the world’s most profitable hedge fund, whose boss’s wealth and cyber savvy helped Donald Trump pole-vault into the White House.

Suddenly, the government’s seven-year pursuit of Renaissance Technologies LLC is blanketed in political intrigue, now that the hedge fund’s reclusive, anti-establishment co-chief executive, Robert Mercer, has morphed into a political force who might be owed a big presidential favor.

This is the internal link to that little nugget:

Mercer Hedge Fund Tax Dispute Moves to IRS Appeals Office

https://www.bloomberg.com/news/articles/2017-10-27/dispute-over-mercer-h...

Back to Digby one more time:

IRS leader Koskinen has said publicly that he intends to finish his term. On his watch, the agency hasn’t been cowed by the Mercers.

The IRS recently released a little-noticed advisory stating that its top targets in future business audits will include so-called “basket options,” the instruments that Renaissance and some other hedge funds have used to convert short-term capital gains to long-term profits that have lower tax rates.

Bloomberg news reported the tax problems. Will this story have legs?
Time will tell. More background at Digby:

https://digbysblog.blogspot.com/2017/11/bannons-daddy-warbucks-on-hotsea...