Robert Brockman Wiki – Robert Brockman Biography
Robert Brockman was formerly the Chairman and Chief Executive Officer of UCS and its affiliated companies. He is also the Chairman and Chief Executive Officer (CEO) of The Reynolds and Reynolds Company. The company mainly provides software used by auto dealerships to help manage their business.
He was so paranoid that the Internal Revenue Service would catch on to his scheme, prosecutors said, that in June 2016 the Texas billionaire allegedly ordered his offshore money handler to travel the United States destroying paper evidence and “electronic media” with shredders and hammers.
But on Thursday, prosecutors alleged that his decades-long tax fraud scheme, the largest in American history, had finally caught up to him. A federal grand jury in San Francisco indicted Brockman, 79, on 39 charges, including tax fraud, wire fraud, evidence tampering, and money laundering, authorities said.
“The allegation of a $2 billion tax fraud is the largest ever tax charge against an individual in the United States,” David L. Anderson, the U.S. attorney for the Northern District of California, said at a news conference.
ANNOUNCEMENT: Robert Brockman, CEO of multi-billion-dollar software company, indicted for decades-long #tax evasion and wire fraud schemes. Largest individual tax evasion case in U.S. history. #IRS @USAO_NDCA pic.twitter.com/558CWOK3FE
— IRS Criminal Investigation (@IRS_CI) October 15, 2020
Age
Robert Brockman is 79-years-old.
Education
Brockman is a graduate of the College of Business at the University of Florida, where he earned a Bachelor of Science degree in Business Administration (summa cum laude) in 1963.
Career
Brockman, who lives in Houston and Pitkin County, Colo., is a Marine veteran who started out in marketing at Ford Motor Co. He later worked as a salesman at IBM before founding Universal Computer Systems in the 1970s, leading the company through its acquisition by Reynolds and Reynolds in 2006.
But starting in 1999, prosecutors say, Brockman began carefully stashing money overseas and covering his tracks to avoid investigators.
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Allegation, Charge
prosecutors alleged that his decades-long tax fraud scheme, the largest in American history, had finally caught up to him. A federal grand jury in San Francisco indicted Brockman, 79, on 39 charges, including tax fraud, wire fraud, evidence tampering, and money laundering, authorities said.
“The allegation of a $2 billion tax fraud is the largest ever tax charge against an individual in the United States,” David L. Anderson, the U.S. attorney for the Northern District of California, said at a news conference.
An indictment filed earlier this month alleges that Brockman, the chief executive of Reynolds and Reynolds, an Ohio-based company that makes software for car dealerships, used a network of entities in Bermuda and Nevis to hide investment income from the IRS. He also allegedly had secret bank accounts in Bermuda and Switzerland, where he funneled untaxed profits from selling assets.
The charges also included allegations that between 2008 and 2010, Brockman lied to investors and allegedly bilked them out of nearly $68 million.
A spokeswoman for Reynolds and Reynolds told the New York Times that the company “is not alleged to have engaged in any wrongdoing, and we are confident in the integrity and strength of our business,” and noted that Brockman’s actions occurred “outside of his professional responsibilities.”
Tech tycoon Robert Brockman, CEO of Reynolds & Reynolds @ReyReyTweets, indicted in $2B tax fraud scheme & investor fraud scheme by manipulating debt securities, per @USAO_NDCA David Anderson (pic). 2nd man Robert F. Smith won’t be prosecuted if he cooperates w/feds pic.twitter.com/47ksjj09IN
— Henry K. Lee (@henrykleeKTVU) October 15, 2020
Robert Brockman Net Worth
Robert Brockman’s net worth is estimated at more than $1 billion. He made much of his fortune selling software to automotive companies and is the CEO of the auto software company Reynolds and Reynolds.
