Billionaire CEO of software company indicted for alleged $2 billion tax evasion schemes
Robert Brockman is being accused of running tax evasion schemes spanning across decades.

The billionaire chief executive of Ohio-based Reynolds and Reynolds Co, Robert Brockman, has been indicted on charges of tax evasion and wire fraud conducted over "decades."

The scheme, in which roughly $2 billion was hidden away in offshore accounts and through money laundering, took place between 1999 and 2019, the US Department of Justice (DoJ) said on Thursday.

According to the indictment (.PDF), the resident of both Houston, Texas, and Pitkin County, Colorado allegedly used a "web" of offshore organizations in Bermuda and Nevis to hide the profits he made from investments in private equity funds.
Brockman squirreled away his capital gains and also tampered with the evidence of his alleged activities, prosecutors say, by methods including backdating records and using "encrypted communications and code words" to communicate with co-conspirators, including the phrases "Permit," "King," and "Redfish."
A ranch, luxury home, and yacht were among the purchases apparently made with non-taxed income.

US prosecutors also say that between 2008 and 2010, Brockman used a third-party en y to purchase $67.8 million in debt securities from the software company. As CEO, the executive is not permitted to do so without full disclosure as it can have an impact on share prices and trading; however, Brockman allegedly did so without informing sellers.

https://www.zdnet.com/article/billio...asion-schemes/

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tbh, wonder what kind of slap in the wrist is he going to get...