Houston Tech Mogul Indicted for ‘Largest-Ever Tax Charge’
- Robert Brockman is accused of hiding $2 billion offshore
- Billionaire Robert Smith avoids prosecution by helping U.S.
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Robert T. Brockman, a Houston software tycoon, was charged with using a web of Caribbean entities to hide $2 billion in income in what prosecutors called the largest U.S. tax case ever against an individual.
Brockman, 79, used a family charitable trust based in Bermuda and other offshore entities to hide assets from the Internal Revenue Service while failing to pay taxes, according to a 39-count indictment unsealed Thursday in federal court in San Francisco. Brockman was also charged with money laundering and other crimes.