Robert Brockman, software developer battling billion-dollar tax evasion, dies

0
56

A billionaire software developer battling the largest individual tax evasion case in US history died Friday at his Houston home, according to reports.

Robert Brockman, 81, a self-taught software entrepreneur who developed a system that helped auto dealerships virtually run their operations, has been fighting IRS money laundering and tax evasion allegations worth more than $2 billion since 2020.

Prosecutors said Brockman, who had a personal net worth of $4.7 billion, owned an $8 million mansion in Houston, a Colorado ski lodge, a Bormbardier jet and a 209-foot yacht dubbed “Turmoil.”

See also  The week in champs: Kamala's gas lighting, the NYT's racism-blame game, and more

Brockman suffered from dementia and his lawyers had repeatedly argued that he had no jurisdiction to stand trial, but a judge ruled in May that the trial would go ahead. 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 physical therapist, Brockman registered dozens of patents and founded Reynolds & Reynolds, a software company with more than 5,000 employees and worth more than $5 billion, according to Bloomberg.

See also  Oakland County Sheriff's Office Welcomes 2 New Puppies to the K9 Comfort Unit
Robert Brockman was accused of evading more than $2 billion in taxes.
DOJ court filing
Robert Brockman is seen wearing a mask as he exits a competency hearing at the federal courthouse in Houston, Texas.
Robert Brockman is seen wearing a mask as he exits a competency hearing at the federal courthouse in Houston, Texas.
Mark Felix/Bloomberg via Getty Images
Robert Brockman
Robert Brockman fought dementia.
Brockman Foundation

In October 2020, federal prosecutors charged Brockman with using offshore companies, code names and burner phones to hide more than $2 billion in revenue from the IRS, most of it earned through Vista Equity Partners, a private equity firm he helped launch. .

.

LEAVE A REPLY

Please enter your comment!
Please enter your name here