Robert Brockman billionaire must stand trial in the largest tax evasion case against an individual in U.S. history

Robert Brockman, 80, founder and former CEO of Reynolds & Reynolds, a software company for auto dealerships, must stand trial for tax evasion, wire fraud, and money laundering according to a decision by a federal judge in Texas. According to reports, the case against Mr. Brockman is the largest tax case against an individual in U.S. history. The Government alleges that he hid over $2 billion in income by putting money in secret accounts and trusts in Nevis, Bermuda, and Switzerland. The Government also says that Brockman earned $2 billion from investments managed by Vista Equity Partners, a fund started by Robert Smith and that Brockman hid his investment income over a 20-year period to evade paying taxes on it. Brockman’s attorneys had argued that he was not mentally competent to stand trial as he has dementia. The Court ruled that he is competent to stand trial.

JEFFREY NEWMAN IS A WHISTLEBLOWER LAWYER WITH THE FIRM NEWMAN & SHAPIRO. HE CAN BE REACHED AT 617-823-3217 OR AT JNEWMAN@NEWMANSHAPIRO.COM