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Billionaire's Fishing Lodge Faces Seizure in Record Tax Case – Investment Watch


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Federal prosecutors are trying to seize a $15 million fishing compound in Colorado and $77.9 million in a Swiss bank account linked to an alleged fraud by billionaire Robert Brockman, who was indicted last year in the biggest U.S. tax-evasion case ever against an individual.
Beyond claims that he failed to report $2 billion of income, Brockman is accused of using a foreign company he secretly controlled to buy secondary debt in his own software firm, Reynolds & Reynolds, at a deep discount in 2009. Prosecutors claim that assets tied to the debt fraud are subject to forfeiture, including a fishing lodge he developed on the Frying Pan River, according to U.S. court filings in March. ....

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Billionaire's $15M Fishing Lodge Faces Seizure in Record Tax Case


The U.S. government claims Robert Brockman failed to report $2 billion of income.
David Voreacos and Neil Weinberg | May 25, 2021
 
(Bloomberg) Federal prosecutors are trying to seize a $15 million fishing compound in Colorado and $77.9 million in a Swiss bank account linked to an alleged fraud by billionaire Robert Brockman, who was indicted last year in the biggest U.S. tax-evasion case ever against an individual.
Beyond claims that he failed to report $2 billion of income, Brockman is accused of using a foreign company he secretly controlled to buy secondary debt in his own software firm, Reynolds & Reynolds, at a deep discount in 2009. Prosecutors claim that assets tied to the debt fraud are subject to forfeiture, including a fishing lodge he developed on the Frying Pan River, according to U.S. court filings in March. ....

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