A billionaire tech entrepreneur has died of dementia aged 81 while fighting a $2 billion tax evasion claim - the largest ever made against a single person by American prosecutors. August 6, 2022, 4:00 PM 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., has died. Trollinger, 64, holds a Ph.D. in education policy and has been courting wealthy donors for four decades, about half of that time at Centre. Numerous sources reported that Brockman died at 81 at his house in Houston. Brockman, a self-taught programmer, developed a software system that helped car dealers run virtually every aspect of their operations. A former Marine reservist who surrounded himself with loyal lieutenants, Brockman had an intense desire for personal privacy that extended to his dealings with the Internal Revenue Service. Billionaire software developer Robert Brockman recently passed away. David L. Anderson, the U.S. attorney for the Northern District of California, said at the time 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 Brockmans lead lawyer, was the assistant attorney general in charge of the Justice Department's tax division from 2012 to 2014. Brockman was charged with the most significant tax evasion case in U.S. history. In 2006, the then-65-year-old entrepreneur ran Universal Computer Systems, a Houston company he started in his living room more than three . In October 2020, the government chargedhim in a 39-count indictment with evading taxes on $2 billion in gains, wire fraud, money laundering and other offenses. The Houston-based businessman's death came in the midst of a $2 billion tax fraud claim brought against Brockman by prosecutors. In a court filing submitted Thursday, Nov. 11, Brockman's lawyers wrote that "recent neuroimaging and testing supports that Mr. Brockman has either or a combination of Parkinson's disease dementia . Houston, Texas, United States. House Republicans axe $72BN from Biden plan for new army 87,000 agents as they make good on campaign promise, Why there's NO reason to worry about Covid death uptick in NY: Fatalities are still 20 TIMES lower than pandemic peak - despite 30% rise in a month, California National Guard's top commander is fired after ordering troops to carry out personal errands - including taking him MOM shopping, 'We need to be nicer to Mother Nature':Ellen blames climate change for powerful California storm that has killed 14 - as Montecito home of Prince Harry and Meghan is ordered to evacuate, Why a gout pill could cut high blood pressure and boost your sex life. Forbes estimated his net worth to be $4.7 billion. No, Robert Brockman did not pass away due to Dementia as its not a disease but a chronic disorder of the mental processes caused by brain disease or injury. The pandemic and the recession--and Congress response to both--pose an array of challenges and opportunities around taxes, some long-term, some much more immediate. A self-taught software . [1], He was a prolific donor to Republican groups and causes. As part of his non-prosecution agreement, Smith admitted to using a nominee trustee and corporate manager to hide his control in four off-shore companies. Robert Brockman built a fortune as a software entrepreneur. Brockman's lawyers, however, argued that the billionaire was incompetent to stand trial, claiming in filings submitted in April that his Parkinson's disease caused dementia, which only grew worse after he contracted COVID in December. Court documents show the trust has assets worth at least $7 billion. With the family struggling financially, Brockman decided he didnt love that and went out to make something of himself, his younger brother, David, told the Wall Street Journal in 2021. According to court filings obtained by Bloomberg last year, the government has been trying to seize the 143-acre Colorado property and fishing lodge on the Frying Pan River and a trove of cash in Switzerland's Mirabaud Bank tied to the fraud case. Hed been fighting tax-evasion charges since 2020, but his attorneys said his dementia meant he wasnt competent to stand trial. Brockman used $15 million in ill-gotten gains, the complaint alleged, to buy and improve the . Robert Brockman, an American billionaire businessman and former CEO of Reynolds & Reynolds software company, died on Friday, August 5, 2022, at his house in Houston, Texas. } Robert Brockman, an American billionaire businessman and former CEO of Reynolds & Reynolds software company, died on Friday, August 5, 2022, at his house in Houston, Texas. Robert Brockman, a Houston billionaire who built his fortune as a software entrepreneur and investor before he was indicted in a landmark tax-evasion case, has died. Houston, Texas (TX), US Robert Brockmans' company Universal Computer Systems Inc. merged with The Reynolds and Reynolds Co. as part of $2.8 billion buyout funded primarily by a group of investors that includes Goldman Sachs Capital Partners and Vista Equity Partners. He was 81. Robert T. Brockman, a 79-year-old resident of Texas, and the chairman and CEO of The Reynolds and Reynolds Company, has been accused of hiding over $2 billion in income from the IRS over 20 years. },false) India has a huge youth workforce & we are here to help them to grab great opportunities in a timely manner. Smith admitted committing tax crimes but avoided prosecution by cooperating with prosecutors against Brockman. In his younger days, Brockman was known as an inexhaustible worker with a passion for physical fitness, fly fishing in Colorado and dove hunting in Argentina. The date for the trial was set for February 2023 at a hearing in June. }); The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. 2022 Billionaires: Cities With The Most Billionaires, Tax Tips From Cooperating Witness In Record $2B Tax Evasion Case, Vista Co-Founder Brian Sheth And The Battle Over Salacious Twitter Account @CallMeMoneyBags, The Manipulative, Little Known Billionaire Who Nearly Ruined The Countrys Richest Black Person, Here Are The Biggest Billionaire Scandals Of 2020, Robert Smith Breakup Exclusive: Billionaire Brian Sheth Reveals Why Hes Leaving Vista Following Tax Evasion Case, Tax Tips & Moves To Make In The Next 60 Days: What Forbes Subscribers Are Reading, Billionaire Brian Sheth Likely To Leave Private Equity Firm After Robert Smiths Tax Fraud Scandal, Tax Lessons From Biggest-Ever $2 Billion Robert Brockman Tax Evasion Case, IRS-CI, DOJ Announce Largest-Ever Tax Charge Against One Individual, Plus Non-Prosecution Deal With Billionaire Robert Smith, Report: Billionaire Robert F. Smith Will Settle Federal Tax Evasion Case For $140 Million, Methodology Behind The Forbes List Of America's Top 50 Givers, The 50 Philanthropists Who Have Given Away The Most Money, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. [1][2], Brockman started his career in 1964 as a marketing trainee with Ford Motors, and was a Marine Corps reservist at the same time. Robert Brockman Wife Robert . DOJ court. He had been fighting IRS claims of money laundering and tax fraud worth more than $2 billion since 2020. Thomas David Brockman was his brother. Brockman founded the first Universal Computer Services, Inc (UCS) in 1970 as a service bureau to provide data processing services to automotive dealerships. }); ga('ads.send', { Brockman, who has pleaded not guilty to 39 counts of tax evasion, wire fraud and money laundering, lives in this Houston, Texas mansion +7 View gallery Prosecutors say he owns a Houston. Brockman was indicted in 2020 on 39 counts, including wire fraud, tax evasion and money laundering that the U.S. Department of Justice said totaled a $2 billion scheme to conceal his income and defraud investors of his Reynolds and Reynolds company. if(document.querySelector("#google_image_div")){ Prosecutors said that Brockman, who had a personal net worth of $4.7 billion, owned an $8 million mansion in Houston, a Colorado ski cabin, a Bormbardier jet and a 209 foot yacht, named Turmoil.. [20][21][22], Brockman donated money to, and has two named buildings on the campus of, Rice University in Houston. 15:45 GMT 06 Aug 2022 By Adam Schrader and Emily Crane For Dailymail.com, Published: 20:40 EST, 26 May 2021 | Updated: 08:03 EST, 27 May 2021. eventAction: 'click_ads' pg.acq.push(function() { George Hanks, the judge presiding over the case, had previously heard arguments about Brockman's dementia claims in November but has yet to rule on the issue. Brockman became an investor in Smith's private equity fund back in 2000, first with a $300 million commitment, and later increasing it to $1 billion. [16][17], On August 6, 2022, Brockman's attorney Kathy Keneally confirmed that he had died the previous day. Authorities had been investigatingBrockman over the tax fraud allegations for several years and prosecutors claim he found out about the probe as early as 2016. The tech mogul allegedly hid $2.0 billion in income, resulting in what is being dubbed the largest tax charge in history. 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Brockman was largely unknown outside of Houston before news of his indictment broke last year. }) Robert Leonard "Bob" Brockman, 86, died Thursday, March 10, 2022 at Garden Ridge Assisted Living with his wife by his side. (Dave Rossman/Houston Chronicle/AP) A doctor found in March 2019 that Brockman had poor short-term recall. Salespeople accused his company of stiffing them on payments; auto dealers said he tricked them into expensive multiyear contracts. eventCategory: event.slot.getSlotElementId(), Robert Brockman, an American billionaire businessman and former CEO of Reynolds & Reynolds software company, died on Friday,August 5, 2022, at his house in Houston, Texas. The judge set the trial date for February 2023 at a hearing in June. Attorneys for the billionaire Robert Brockman claimed in a court filing on Wednesday that his dementia has materially deteriorated in recent months, and they again argued that the software. 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