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. 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We are no longer accepting comments on this article. An avid fisherman, Brockman owned a 209-foot yacht, the Albula, and enjoyed jaunts to the Berry Islands near the Bahamas. A PUC vote could shake up ERCOT. eventCategory: event.slot.getSlotElementId(), He was 81. Robert Brockman Robert Theron Brockman (May 28, 1941 - August 5, 2022) was an American billionaire businessman and once CEO of Ohio -based Reynolds & Reynolds software company. }); [11], Brockman was an investor in Vista Equity Partners, whose founder Robert F. Smith narrowly reached a non-prosecution agreement with the United States Department of Justice, agreeing in October 2020 to pay a fine of $139 million for failure to pay about $200 million in taxes. These people actually put the most money to work for good. 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. Federal prosecutors charged Texas billionaire Robert Brockman on Thursday with a $2 billion tax fraud scheme in what they say is the largest such case against an American.. Department of Justice . Brockman had dementia, according to Kathy Keneally, Brockman's lead attorney, who confirmed his death on Saturday. ga('create', 'UA-67136960-15', 'auto', 'ads'); ", What's Robert Brockman's net worth? Brockman was born in St. Petersburg, Florida. }); ProPublica publishes tax secrets of Elon Musk, Jeff Bezos and Bill Gates. 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 . Republican Freedom Caucus member Mark Green BEATS Dan Crenshaw to become chair of the coveted Homeland Security Committee - and promises to keep a permanent staff at the border, Tax back! Note: VirtualGlobetrotting is an entertainment website is and is not associated Robert Theron Brockman (May 28, 1941 - August 5, 2022) was an American billionaire businessman and once CEO of Ohio-based Reynolds & Reynolds software company. The tech mogul allegedly hid $2.0 billion in income, resulting in what is being dubbed the largest tax charge in history. Smith reportedly won't be prosecuted, but as part of the settlement, the billionaire must admit wrongdoing and assist in other federal tax investigations being conducted, according to Bloomberg. Brockman was a self-taught software entrepreneur who devised a system to let car dealers conduct their operations virtually, and had been fighting IRS claims of money laundering and tax fraud worth more than $2 billion since 2020. }); Robert T Brockman, age 81 View Details Houston 6700 Hollister St, Houston Also known as: Robert Theron Brockman JR, Robert Brockman, Robert Theron Brockman Completed College Associated persons: Norman Barras, Tommy Barras, Jeffrey-earl Tanner Brennan (312) 518-1000 View Details More About These Persons Ads by BeenVerified Personal Information Bob was married to Lieselotte "Lilo" Sasse in Wiesbaden, Germany in June 1965. His faher Alfred Eugene Brockman owned a gas station and his mother Pearl was a physiotherapist. Brockman, who has a reputation for being litigious, would stay at budget hotels and ate frozen dinners on business trips. A billionaire software developer who was fighting the biggest individual tax evasion case in US history died at his home in Houston Friday, according to reports. House: Lavish Apartment in Los Angeles. gads_event = event; The cause of death and more information were not immediately available. In August 2006, Universal Computer Systems purchased Reynolds and Reynolds and consolidated the two firms' activities under the Reynolds and Reynolds brand. His father Alfred Eugene Brockman was a gas-station owner and his mother, Pearl was a physiotherapist. Brockman suffered from dementia, and his attorneys had repeatedly argued that he wasnt competent to stand trial, but a judge ruled in May that the trial would go forward. Lawyers for Brockman insisted his dementia - which they say had been worsened by Alzheimer's - made him unfit to stand trial. His lawyers had consistently argued that he was incompetent to stand trial, but in May, a judge ruled that the trial would proceed. 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. Robert Brockman, 81, a self-taught software entrepreneur who developed a system that helped car dealers run their operations virtually, had been fighting IRS allegations of money laundering and tax evasion worth more than $2 billion since 2020. [8][9] Brockman pleaded not guilty, and was released on a $1 million bond. Bob was born on February 29, 1936 in Joliet, Illinois to Leonard and Gladys Brockman. Physical Statistics & More: Height: Feet & Inches: 5' 8". Working with Harris County Elections to maintain and troubleshoot election equipment functionality. He was 81 years old. He was suffering from Dementia and was undergoing home hospice care. Robert Brockman, chief executive of Reynolds and Reynolds, is alleged to have hidden $2bn (1.5bn) in income from tax authorities over two decades, using a network of offshore companies. residence in Houston and a 5,800-square-foot cabin in Aspen, Colorado. Brockmans lead attorney, Kathy Keneally, announced the unfortunate news of his death on Saturday. Acting as . In 2006, the then-65-year-old entrepreneur ran Universal Computer Systems, a Houston company he started in his living room more than three . The outlet reported that prosecutors in the United States first sought forfeiture of the Mirabaud account in October and that Swiss prosecutors have frozen more than $1 billion held in bank accounts belonging to Brockman. Heres what he has to say about it. }); This content was published on December 16, 2021 - 13:00 December 16, 2021 - 13:00 (Bloomberg) -- The biggest tax evasion case against an individual in U.S. history has been unspooling in a Texas . His lawyers had consistently argued that he was incompetent to stand trial. eventAction: 'click_adunit' }) hitType: 'event', Born in Florida, where his father ran a gas station and his mother worked as a physiotherapist, Brockman registered dozens of patents, and founded Reynolds & Reynolds, a software company that boasted more than 5,000 employees and was worth more than $5 billion, according to Bloomberg. Hart InterCivic. [10] In May 2022, he was ruled mentally competent to stand trial by Judge George C. Hanks Jr. of the United States District Court for the Southern District of Texas. 484 people named Robert Brockman found in California, Ohio and 43 other states. hitType: 'event', 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. His mother, Pearl, was a physiotherapist. }) The alleged scheme to conceal the billions in income from the IRS spanned decades, the Justice Department said in its announcement of the indictment. Robert Brockman, who . The company sold its first in-dealership computer system in 1982. }); He was 81. Know Everything About Him, How Did Stella Paterson Die? As the case againstBrockman continues, his former associates and employees have painted a picture of him asa penny-pinching billionaire who believed the IRS unfairly went after taxpayers. DOJ court. We've received your submission. His first office was in his Houston living room, where he taught himself computer programming. robert brockman investigationrobert brockman charged biggest in US historyrobert brockmann boliviaTech mogul Robert Brockman was charged in a $2 billion tax . Photographer: Dave Rossman/Houston Chronicle/AP Photo. Part of the equity financing came from Vistas original fund, in which Brockman was the sole outside investor. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. FILE - This April 13, 2014, file photo shows the Internal Revenue Service headquarters building in Washington. Robert Brockman was a self-taught software entrepreneur who developed a system that helped car dealers run their operations virtually. He pleaded not guilty. Robert Brockman died at his Houston home at 81. Smith, the richest black person in America with a net worth about $7 billion, has also been ordered to pay$139 million in back taxes and penalties. August 6, 2022, 11:31 AM UTC Updated on August 7, 2022, 3:37 AM UTC. Brockman owns a Bombardier private jet, a 209-foot yacht named Turmoil , a 17,000-sq.ft. Alabama (12) Alaska (2) Arizona (18) Arkansas (7) California (67) Colorado (13) Delaware (1) District of Columbia (1) . By. Likewise, he owns a Bombardier private jet, a 209-foot yacht named Turmoil, a 17,000-sq.ft. 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. Hed been fighting tax-evasion charges since 2020, but his attorneys said his dementia meant he wasnt competent to stand trial. In October 2020, the US charged Brockman in the largest tax-evasion case ever against an individual, as well money-laundering. According to Bloomberg, Brockman is survived by his wife of 53 years, Dorothy; son Robert Brockman II; a brother; and two grandchildren. 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. The third result is Robert Landon Brockman age 30s in Christoval, TX. Thomas David Brockman was his brother. A Florida native of modest origins, Brockman was selling computing services to auto dealers on behalf of International Business Machines Corp. when, in 1970, he founded a company that helped revolutionize how the industry operates. hitType: 'event', Prosecutors claim, however, that Brockman's doctors have a conflict of interest because they work with the Baylor College of Medicine, of which the billionaire has donated millions of dollars to over the years. Dave Rossman/Houston Chronicle via APAttorneys 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 tycoon is incompetent to stand trial in a record-breaking $2 billion tax evasion case.Brockman, 80, has Parkinson's disease, which his lawyers cited as a probable . Houston technology executive Robert Brockman has been charged in the biggest tax . Prosecutors claim, however, that Brockman's doctors have a conflict of interest because they work with the Baylor College of Medicine, of which the billionaire has donated millions of dollars to over the years. Robert Brockman built a fortune as a software entrepreneur. Billionaire software developer charged in tax evasion case dies at 81. } Prosecutors allege that Brockman started seeking medical evaluations for his mental health shortly after a 2018 raid on his attorney's home in Bermuda, according to court documents obtained by the Wall Street Journal. 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. Bareillycollege.org website does not represent any government or private body. Furthermore, he also sits on the Board of Visitors at the MD Anderson Cancer Center in Houston. Robert Brockman Networth: How Rich was he? reporters on a platform technologically tailored to meet the needs of the modern reader. The prosecution claims Brockman's sprawling network of offshore trusts grew to The Cayman Islands, Singapore, the British VirginIslands and the Isle of Man. 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. At a hearing a month later, the judge tentatively set his trial date for Feb. 23. How Did Wayne Gino Odjick Die? Who is bob Brockman Universal computer systems, Inc. and affiliated companies an extremely talented innovative. residence in Houston, and a 5,800-square-foot cabin in Aspen, Colorado. Select this result to view Robert W Brockman's phone number, address, and more. eventCategory: event.slot.getSlotElementId(), [16][17], On August 6, 2022, Brockman's attorney Kathy Keneally confirmed that he had died the previous day. The 42-page indictment against Brockman names two Colorado properties of interest in the case. Robert Brockman Money Laundering & Tax Evasion Charges, Young Slo-be Shot Dead in Manteca? The combined firm took the Reynolds & Reynolds name and was controlled by a Bermudian charitable trust set up in the name of Brockmans father. 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. (Dave Rossman/Houston Chronicle/AP) Robert Brockman died on Friday at his house in Houston. 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. The 81-year-old left behind his wife of 53 years, Dorothy and a son Robert II; as well as his brother David, a daughter-in-law and two grandchildren. pg.acq.push(function() { Brockman was a University of Florida graduate and also possessed work experience with Ford Motor Co. and IBM. 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. anonymously (anonymous users cannot post links). eventAction: 'render' Court documents reveal he took a cognitive test late last year and had difficulties drawing a clock, with a doctor ruling he had 'moderate dementia'. He was 81. Bloomberg obtained an asset-seizure affidavit filed by IRS special agent Ted Lair that alleges Brockman laundered some of his money through funds managed by billionaire Robert Smith'sprivate equity firm Vista Equity Partners. Know Everything About His Cause OF Death, Obituary and More. The Federal Trade Commission investigated whether he engaged in anti-competitive practices. Royal Family will find it 'impossible' to compromise with Sussexes, Man knocked out by a pool cue in violent pub brawl, Russian pro-war fanatic warns Britain could be 'wiped off the map', BBC Breakfast celebrates forty years of hilarious bloopers, Ken Bruce will be joining the Greatest Hits Radio family in April, As it happened: UK Government blocks Scotland's new gender law, Bungling helicopter pilot blows over stadium roof injuring eight, Kamala opts out of kneeling with Biden for Warriors photo op. Robert Brockman - OffshoreAlert Menu Home Close Crypto Fraud Tax Liquidations & Insolvencies Investment Listed Securities Money Laundering Bribery & Corruption Government & Politicians View All Close Courts Close Chapter 15 MLAT Discovery Extradition Cayman Islands British Virgin Islands Bermuda Bahamas View All Close Actions Close Robert Brockman Cause of Death Explained? The Houston-based businessman's death came in the midst of a $2 billion tax fraud claim brought against Brockman by prosecutors. ga('ads.send', { Robert Brockman is also a Life Trustee at Centre. Homes - Celebrity - Business Links: www.bizjournals.com By: shale69 Advertisement He married Dorothy Kay Brockman in 1968; the couple lived in Houston. with this post, location or person. for all types of government jobs & recruitment. Brockman stands accused of tax evasion, money laundering, and wire fraud, among other offenses, as part of a decades-long scheme aimed at hiding $2 billion from the IRS and bilking investors who. He was 81. [3][4][5], Brockman founded Universal Computer Systems, a computer systems and software provider for car dealerships, in 1970 in his living room. 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 . 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. The . eventCategory: event.slot.getSlotElementId(), Houston billionaire Robert Brockman, 79, was charged with tax evasion in San Francisco Thursday - Federal prosecutors called Brockman's scheme the biggest tax [] Federal prosecutors in October charged Brockman with using a web of offshore entities to conceal about $2 billion in income from the Internal Revenue Service. Brockman was born in Florida, where his father owned a gas station and his mother worked as a physiotherapist. He became the CEO after the merger. Rober Brockman is survived by his brother David; his wife of 53 years, Dorothy; a son, Robert Brockman II; a daughter-in-law; a grandson; and a granddaughter. },false) Robert Brockman died on 5th August, 2022. . Robert is related to Ashley Brockman and Nancy J Brockman as well as 1 additional person. 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