A Guernsey bank account linked to a $2 billion tax evasion case and Robert Brockman, a billionaire (now deceased)

In 2020, A US federal grand jury returned a 39-count indictment charging Brockman with tax evasion, wire fraud, money laundering, and other offences.

Brockman allegedly concealed over $2 billion in income from the IRS in the most significant individual tax evasion case in U.S. history.

In a March 29, 2023, report published about CREDIT SUISSE'S ROLE IN U.S. TAX EVASION SCHEMES, a list of the Top failure to file foreign bank account registration (FBAR) cases in U.S. history is published – the list includes the following:-

• Mirabaud Bank (Switzerland), Bermuda
• Commercial Bank (Switzerland),
• Banque Syz (Switzerland),
• Bank of N.T.
• Butterfield (Bermuda),
• Bank of Singapore, and
• Barclays (Guernsey)

The report highlights that Brockman is now deceased, and the U.S. government seeks to continue the case against the defendant’s estate.

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AUG 2022 - Robert Brockman, billionaire charged in $2 billion tax evasion case, dies at 81

• A trial was set for February, even though Brockman’s attorneys had argued he had dementia and was incompetent to stand trial. He had pleaded not guilty.
• Billionaire Robert Brockman, who was indicted in 2020 in what has been called the largest ever tax evasion case against an individual in the U.S.,
• https://www.justice.gov/archives/opa/pr/ceo-multibillion-dollar-software-company-indicted-decades-long-tax-evasion-and-wire-fraud

Robert Brockman, billionaire charged in $2 billion tax evasion case, dies at 81

• His attorneys had been arguing in court that he had dementia and was incompetent to stand trial. But a judge in May ruled him competent and set a February trial date.
• Brockman, a Florida native and Houston resident whose fortune Forbes has estimated at $4.7 billion, was the former CEO of Reynolds & Reynolds, an Ohio-based software company that provides business solutions.
• In October 2020, the government charged him in a 39-count indictment, evading taxes on $2 billion in gains, wire fraud, money laundering, and other offences. He pleaded not guilty.
• The alleged scheme to conceal the billions in income from the IRS spanned decades, the Justice Department said in its indictment announcement.
• David L. Anderson, the U.S. attorney for the Northern District of California, said that the "allegation of a $2 billion tax fraud is the largest ever tax charge against an individual" in the U.S.
• Keneally, a longtime tax specialist who was Brockman’s lead lawyer, was the assistant attorney general in charge of the Justice Department's tax division from 2012 to 2014.
• According to court records, the wealthiest Black citizen in the U.S., Robert Smith, Brockman's former business associate, was to be a key witness against him. Smith avoided charges by admitting to evading taxes, paying $139 million in taxes and penalties, and agreeing to cooperate.
• At issue in the criminal case against Brockman was the allegation that he avoided taxes through an offshore charitable trust that prosecutors said he secretly controlled — and which he said was independent.
• Prosecutors said he used ill-got gains to buy a Colorado fishing lodge, a private jet and a 200-foot yacht, among other things.
• The government filed paperwork last year to seize the 100-acre fishing retreat in the Rockies, The Aspen Times reported then.
• It was not immediately clear how Brockman’s death would affect the government’s ability to recover the taxes it says are owed.

SOURCE

https://www.nbcnews.com/news/us-news/robert-brockman-billionaire-charged-2-billion-tax-evasion-case-dies-81-rcna41882

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