A billionaire software developer fighting the largest single instance of tax evasion in US history died at his home in Houston on Friday, according to reports.
Robert Brockman, 81, a self-taught software entrepreneur who created a system to help car dealerships run their businesses virtually, has been fighting IRS allegations of more than $2 billion in money laundering and tax evasion since 2020.
Prosecutors said Brockman, who had a personal net worth of $4.7 billion, owned an $8 million Houston mansion, a Colorado ski lodge, a Bormbardier jet and a 209-foot yacht named ” Turmoil” owned.
Brockman suffered from dementia and his lawyers had repeatedly argued that he was unfit to stand trial, but a judge ruled in May that the trial would go ahead. At a hearing in June, the judge set the hearing date for February 2023, with Brockman appearing at the hearing via video link from his bedside.
Born in Florida, where his father ran a gas station and his mother was a physical therapist, Brockman filed dozens of patents and founded Reynolds & Reynolds, a software company with more than 5,000 employees and valued at more than $5 billion, according to Bloomberg.
In October 2020, federal prosecutors charged Brockman with using offshore companies, code names and burner phones to hide more than $2 billion in revenue from the IRS, raised largely through Vista Equity Partners, a private equity firm, which he helped found.
https://nypost.com/2022/08/06/software-developer-robert-brockman-dies-amid-tax-evasion-case/ Software developer Robert Brockman dies in a tax evasion case