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US Prosecutors Outline Complex Laundering Scheme in Historic Tax Evasion Case

By Valentina Pasquali

A Houston-based automotive software tycoon used offshore firms, overseas accounts, encrypted messages and other techniques to hide $2 billion from U.S. authorities over two decades as part of what prosecutors described as their largest-ever tax case against an American citizen. Robert Brockman, the 79-year old chief executive of Delaware-based Universal Computer System Holdings, faces nearly 40 counts of tax evasion, money laundering and other charges for "brazenly" and "intentionally" concealing capital gains he made from 1999 to 2019 by investing hundreds of millions of dollars in private equity funds through Point Investments, prosecutors in the Northern District of California said...

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