Your Content is a nonprofit newsroom that investigates abuses of power.
Sign up to receive our biggest stories as soon as they’re published.
Federal prosecutors charged Texas billionaire Robert Brockman on Thursday with a $2 billion tax fraud scheme in what they say is the largest such case against an American, Your Content has learned.
Department of Justice officials said at a news conference 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 money.
- Advertisement -
They also charged him with investor fraud, KTVU reports.
Prosecutors also 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.
- Advertisement -
- Advertisement -
Protect Independent Journalism
Your Content is a nonprofit newsroom that produces nonpartisan, evidence-based journalism to expose injustice, corruption and wrongdoing.
Spearheading the news revolution for Americans across the nation, Your Content has brought a voice to those the media failed to acknowledge.
This story you’ve just finished was funded by our readers and we hope it inspires you to make a gift to Your Content so that we can publish more reports like this one that holds people in power to account and produces real change.
Your donation will help us ensure that we can continue this critical work. We are busier than ever covering stories you won’t see anywhere else.
