His tax problems stem from a $1 billion investment in Vista Equity Partners’ first fund 20 years ago. An offshore foundation tied to Brockman made that investment. The DOJ and the IRS have been investigating whether Smith failed to pay U.S. taxes on approximately $200 million assets transferred through offshore accounts linked to Brockman.
Brockman is facing 39 counts of criminal charges including conspiracy, tax evasion (7counts), wire fraud (20 counts), failing to file foreign bank account reports (6 counts), money laundering, and other offenses.
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