U.S. Attorney for the Northern District of California, David L. “The ਦੋਸ਼ 2 billion tax evasion charge is the largest tax charge ever filed against a person in the United States,” Anderson said in a statement. News conference.
A Blame Filed earlier this month, Brockman, chief executive of Reynolds and Reynolds, an Ohio-based company that makes software for car dealerships, filed a lawsuit in Bermuda and Nevis to hide investment proceeds from the IRS. Network used. He allegedly had secret bank accounts in Bermuda and Switzerland, where he used his profits to sell his assets.
To continue this plan, Brockman used secret, encrypted email systems to coordinate with criminal money managers. Brockman, who considered a paper to monitor people and places, calls himself a “permit”, the IRS “home” and assigns to his handlers the names of fish-based codes, such as “redfish,” bonefish, and “Snapper.” He also kept his 29 million luxury yacht – allegedly paid with hidden funds – “messed up.”
Brockman, who lives in Houston and Pitkin County, Colo., Is a marine veteran who started marketing at Ford Motor Company. He later worked as a salesman at IBM in 1970, before Reynolds and Reynolds acquired Universal Computer Services, which led the company in 2006.
But beginning in 1999, prosecutors say, Brockman began stealing foreign money cautiously and covering his tracks to avoid investigators.
Prosecutors allege Brockman was adept at evading fees and covering suspicious activity. He told his main handler, who was not named in the case, to “do as much as possible without paperwork” so that everything was “encrypted digitally”.
Investigators also found that Brockman backstated documents to cover up his crimes. In an email from July 2008, Brockman wrote to his handler to refrain from using the copy machine and laser printer paper because it “encoded the manufacturer of this paper as well as the year and month of manufacture.” , “Brockman wrote. “That’s why I keep some packets of copy paper up to date – for possible future use.”
The allegations include allegations that between 2008 and 2010, Brockman lied to investors and allegedly extorted about 68 68 million from them.
A spokesman for Reynolds and Reynolds said ਨਿ. The York Times That the company “has not been accused of any wrongdoing, and we believe in the integrity and strength of our business,” noting that Brockman’s actions “go beyond his professional responsibilities.” ‘ ‘
The case against Brockman was encouraged by witness and alleged co-conspirator Robert F. Smith. Quoted As the richest black man in the country, the 57-year-old billionaire made national headlines in May 2019 when he promised to pay off all student debts for the graduate class of an all-male, historically black college, Morehouse College in Atlanta. .
Smith is the founder of Vista Equity Partners, a San Francisco-based private-equity fund whose sole investor was: Brockman. According to prosecutors, Smith helped Brockman hide his profits from Vista in the ship’s accounts in order to avoid paying taxes.
In one News conference, Anderson, a U.S. attorney in San Francisco, said Smith signed a non-prosecution agreement, where he acknowledged his involvement in the plot and agreed to cooperate with investigators. He also acknowledged a shortfall of 43 43 million in federal taxes from 2005 to 2014 and agreed to pay about million 140 million in taxes and fines.
Smith’s lawyer did not immediately respond to a request for comment.
During a virtual hearing Thursday, Brockman pleaded not guilty to all counts and was released on 1 million bond.
“We look forward to defending him against these charges,” Brockman’s lawyer, Catherine Kennelly, said in a statement. The Wall Street Journal.