U.S. Brings Largest Ever Tax Charge Against Tech Executive

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A Houston tech executive was charged on Thursday with hiding $2 billion in income from the Internal Revenue Service in what federal prosecutors called the largest tax evasion case in U.S. history.

Prosecutors said the executive, Robert T. Brockman, had used a web of entities based in Bermuda and Nevis, as well as secret bank accounts in Bermuda and Switzerland, to hide income from the I.R.S. that he had earned on private equity investments over 20 years.

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Original Article Source Credits:   NYTimes , https://www.nytimes.com/

Article Written By:  Michael Levenson

Original Article Posted on:  Oct. 15, 2020

Link to Original Article:  https://www.nytimes.com/2020/10/15/business/robert-brockman-tax-evasion.html