Document Type

Article

Publication Date

3-2026

Abstract

On October 1, 2020, the Department of Justice indicted Robert T. Brockman on 39 counts of federal tax evasion and related charges.1 The department’s press release explains: The charges stem from an alleged decades-long scheme to conceal approximately $2 billion in income from the IRS as well as a scheme to defraud investors in the software company’s debt securities. . . . According to the indictment, Brockman, a resident of Houston, Texas, and Pitkin County, Colorado, used a web of offshore entities based in Bermuda and Nevis to hide from the IRS income earned on his investments in private equity funds which were managed by a San Francisco-based investment firm. As part of the alleged scheme, Brockman directed untaxed capital gains income to secret bank accounts in Bermuda and Switzerland.

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Reprinted with the permission of Tax Analysts

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