Billionaire Robert Smith Fighting U.S. Criminal Tax Inquiry
- A divorce, a cooperating witness, lots of Caribbean entities
- Tax woes of associate Robert Brockman could ‘set a record’
This article is for subscribers only.
When billionaire Robert Smith ended his 2019 Morehouse College commencement speech by vowing to pay off student debt for the entire graduating class, cheers of “MVP, MVP, MVP!” rose from students and faculty on the Atlanta campus.
What the audience didn’t know was that Smith was harboring a financial secret. He was being pursued by Justice Department prosecutors and Internal Revenue Service agents for potential tax crimes, according to four people familiar with the matter.