Alessandro Chesser is a 40-year-old Silicon Valley entrepreneur. He’s married with two kids and was the first in his family to attend college. His grandfather immigrated from Sicily and worked as a school janitor so his family could have a better life.

Skip forward a few generations, and Chesser is noticing the way wealthy investors hide their money to avoid paying taxes. He’s outraged and wants to upend the tax system, which he thinks is unfair to the everyday American worker. In Chesser’s mind, the realistic solution isn’t to reform the tax code, but to make it easier for average Americans to access one of the best-kept secrets of the superrich: trusts.

Trusts have become big business in the US. They are now an industry worth trillions of dollars. But no one knows the exact number, because the trust industry is extraordinarily private. Trusts can last forever (literally), but there is no public registry for them. In fact, they are one of the main reasons why watchdog groups consider America to be the most secretive financial jurisdiction in the world.

This week on Reveal, journalists Sally Herships and Leah McGrath Goodman investigate America’s shadowland of trusts. As the nation’s wealth gap keeps growing—and Americans brace for Tax Day—we uncover what’s at stake as US states race to become the most trust-friendly jurisdictions in the world.

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More To The Story: Earlier this year, parts of Minneapolis resembled a war zone. The Minnesota city had become the violent epicenter of President Donald Trump’s immigration raids as thousands of masked agents from Immigration and Customs Enforcement and the Border Patrol roamed the streets in what was known as Operation Metro Surge. Thousands of immigrants, many of whom had no criminal record, were detained. Children were arrested. High schoolers were pepper-sprayed. And two US citizens—Renée Good and Alex Pretti—were shot and killed by immigration agents. Following weeks of protests, the White House reversed course and ramped down immigration enforcement. But hundreds of agents are still there as state officials like Attorney General Keith Ellison are left to clean up the mess.

On this week’s More To The Story, Ellison talks with host Al Letson about the economic damage from the Trump administration’s ICE raids and persistent fears within immigrant communities, his congressional confrontation with Sen. Josh Hawley over a Covid-19 fraud scheme, and why he refuses to back down from the what he describes as the “Trump onslaught.”

Producer: Josh Sanburn | Editor: Kara McGuirk-Allison | Theme music: Fernando Arruda and Jim Briggs | Copy editor: Nikki Frick | Digital producer: Josh Sanburn | Deputy executive producer: Taki Telonidis | Executive producer: Brett Myers | Executive editor: James West | Host: Al Letson

Listen: How Minneapolis Taught America to Fight Back (Reveal)

Read: Top Trump Official Says FBI Won’t Investigate Killing by ICE Agent (Mother Jones)

Watch: Minnesota and Immigration Enforcement Officials Testify Before Senate Committee (C-SPAN)

Read: Transcript of Feeding Our Future/Keith Ellison Audio Recording

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Here at the Center for Investigative Reporting, we excel at finding things: government documents, paper trails, the misdeeds people have tried to hide. It’s serious work. But that gave us an idea: What would happen if we used these skills for things that are less about accountability and more about joy? If we turned our energy toward personally meaningful questions?

That was the spark for our first-ever Inconsequential Investigations hour. We turned our journalistic strategies on our own biggest questions to see where the trail led.

This week on Reveal, we take up Mother Jones video correspondent Garrison Hayes’ quest to find the first short film he ever made, even though it was lost to the early 2000s internet. Yowei Shaw of the podcast Proxy brings us along as she meets her doppelganger and discovers the truth behind how people see her. And Reveal reporter and producer Ashley Cleek untangles her own unsolved mystery: Did reclusive rock star Jeff Mangum really call into her college radio show, asking her for a favor?

We plan to do more Inconsequential Investigations like this. If you have a personal mystery that needs looking into, please email Inconsequential@revealnews.org.

This is an update of an episode that first aired in October 2025.

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