Software CEO billionaire Robert Brockman indicted in alleged elaborate tax-evasion scheme

A Texas billionaire has been charged in the largest alleged tax scheme in U.S. history.

Robert Brockman, the 79-year-old CEO of software company Reynolds & Reynolds, is accused of attempting to conceal a staggering $2 billion, officials claim.

In a blistering 44-page indictment that spells out numerous alleged attempts of financial impropriety, Brockman is accused of money laundering, wire fraud, tax evasion, evidence tampering, destruction of evidence and conspiracy.

A federal grand jury reached its conclusion after being told of a nearly 20-year scheme to stash approximately $2 billion in income from the Internal Revenue Service and defraud investors in his software firm’s debt securities, said federal authorities in a statement.

Among the more seedier points in the 39-count indictment are allegations of operating murky foreign bank accounts, purchasing a luxury yacht called Turmoil and an encrypted email system that utilized code names to communicate with employees.



a man wearing a suit and tie: Texas technology mogul Robert Brockman has been indicted in a $2 billion tax-evasion case.


© Provided by

Read More