free counter

Robert Brockman, software developer fighting billion-dollar tax evasion case dies

A billionaire software developer who was simply fighting the largest individual tax evasion case in US history died at his home in Houston Friday, in accordance with reports.

Robert Brockman, 81, a self-taught software entrepreneur who developed something that helped car dealers run their operations virtually, have been fighting IRS allegations of money laundering and tax evasion worth a lot more than $2 billion since 2020.

Prosecutors said that Brockman, who had an individual net worth of $4.7 billion, owned an $8 million mansion in Houston, a Colorado ski cabin, a Bormbardier jet and a 209 foot yacht, named Turmoil.

Brockman experienced dementia, and his attorneys had repeatedly argued he wasnt competent to stand trial, but a judge ruled in-may that the trial would move forward. At a June hearing, the judge set the trial date for February 2023, with Brockman appearing at the hearing via video link from his bed.

Born in Florida, where his father ran a gas station and his mother worked as a physiotherapist, Brockman registered a large number of patents, and founded Reynolds & Reynolds, a software company that boasted a lot more than 5,000 employees and was worth a lot more than $5 billion, in accordance with Bloomberg.

Robert and Dorothy Brockman attend an intimate al fresco dinner celebrating the Rice University groundbreaking of James Turrell's Rice University Skyspace project at the home of Phoebe and Bobby Tudor, Tuesday evening, May 17, 2011, in Houston. Federal prosecutors have charged Texas billionaire Robert Brockman in a $2 billion tax fraud scheme that they say is the largest such case against an American.
Billionaire software developer Robert Brockman recently passed on.
Dave Rossman/Houston Chronicle via AP
Government graph shows Robert Brockman-controlled entities using a complex network to hide assets from tax authorities.
Robert Brockman was accused of evading a lot more than $2 billion in taxes.
DOJ court filing
Robert Brockman is seen wearing a mask while departing a competency hearing at the federal courthouse in Houston, Texas.
Robert Brockman sometimes appears wearing a mask while departing a competency hearing at the federal courthouse in Houston, Texas.
Mark Felix/Bloomberg via Getty Images
Robert Brockman
Robert Brockman was battling dementia.
Brockman Foundation

In Oct. 2020, federal prosecutors charged Brockman with using offshore companies, code names and burner phones to cover a lot more than $2 billion of income from the IRS, the majority of it earned through Vista Equity Partners, an exclusive equity firm he helped launch.

Read More

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button

Adblock Detected

Please consider supporting us by disabling your ad blocker