Houston Tech Mogul Indicted for ‘Largest-Ever Tax Charge’ (3)

Robert T. Brockman, a Houston software tycoon, was charged with using a web of Caribbean entities to hide $2 billion in income in what prosecutors called the largest U.S. tax case ever against an individual.

Brockman, 79, used a family charitable trust based in Bermuda and other offshore entities to hide assets from the Internal Revenue Service while failing to pay taxes, according to a 39-count indictment unsealed Thursday in federal court in San Francisco. Brockman was also charged with money laundering and other crimes.

Prosecutors received help from Robert Smith, the CEO of Vista Equity Partners, ...