Texas Billionaire Robert Brockman Charged In $2 Billion Tax Fraud Scheme

[George II]

Source: CBS DFW (Dallas - Fort Worth)

October 15, 2020 at 1:25 pm

SAN FRANCISCO (CBSDFW.COM/AP) — Federal prosecutors charged Texas billionaire Robert Brockman with a $2 billion tax fraud scheme that they say is the largest such case against an American.

Department of Justice officials said at a news conference Thursday in San Francisco that Brockman, 79, hid the money over 20 years through complicated schemes including filing false returns and setting up secret accounts all over the world to hide and launder the money.

Prosecutors also charged the Houston resident with investor fraud.

Prosecutors announced that Robert Smith, founder and chairman of investment firm Vista Equity Partners, will cooperate in the investigation and pay $139 million to settle a tax probe.

“Complexity will not hide crime from law enforcement. Sophistication is not a defense to federal criminal charges,” said David L. Anderson, U.S. attorney for the Northern District of California.

Read more: https://dfw.cbslocal.com/2020/10/15/texas-billionaire-robert-brockman-charged-2-billion-tax-fraud-scheme/

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Robert Brockman, personally and through his PAC and other organizations, has been a huge contributor to republicans over the years.

[pecosbob]

1. Who did he piss off?

People like him never get punished for stuff like this...

[sinkingfeeling]

2. Wait until they investigate MF45's. Then this guy will be in second place.

[Midnight Writer]

3. So this fella needed more money so bad he risks a prison term? Dumbass.

[George II]

4. To some it's a disease, sadly.

[Marie Marie]

5. Another billionaire, another tax fraud. Yawn. Wake me up when he is sentenced to

some serious prison time.

[SeattleVet]

6. tRump's response: "$2 billion in tax fraud?"

"Hold my Diet Coke."

[Boogiemack]

7. WTF? Why do billionaires have to cheat on taxes. They are still billionaires after they pay it. n