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Billionaire charged with biggest tax evasion case in US history

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Texas billionaire Bob Brockman has been charged in the biggest tax evasion case in U.S. history.

In an indictment unsealed yesterday, prosecutors accused Brockman of evading taxes, hiding assets and laundering money.

Brockman, 79, is the CEO of automotive software company Reynolds and Reynolds. The indictment covers a 20-year period and was secured, in part, thanks to billionaire Robert Smith, who also was being investigated for alleged tax evasion but reportedly avoided criminal charges by helping with Brockman’s prosecution.

Read more from The Mercury News.

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