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Robert Brockman

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Robert Brockman
Born
Robert Theron Brockman

(1941-05-28)May 28, 1941
St. Petersburg, Florida, U.S.
DiedAugust 5, 2022(2022-08-05) (aged 81)
NationalityAmerican
Alma materCentre College
University of Florida
OccupationBusinessman
Spouse
Dorothy Kay Brockman
​
​
(m. 1968)​
Parent(s)Alfred Eugene Brockman
Pearl Brockman

Robert Theron Brockman (May 28, 1941 – August 5, 2022) was an American billionaire businessman and once CEO of Ohio-based Reynolds & Reynolds software company.

Early life and education

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Brockman was born in St. Petersburg, Florida. His father Alfred Eugene Brockman was a gas-station owner, and his mother, Pearl, was a physiotherapist. Thomas David Brockman was his brother.

Brockman briefly attended Centre College in Danville, Kentucky. He later graduated summa cum laude from the University of Florida in 1963, and was a member of its business honor society.[1][2]

Career

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Brockman started his career in 1964 as a marketing trainee with Ford Motors, and was a Marine Corps reservist at the same time.[3] From 1966 to 1970, he worked at IBM and was the leading U.S. salesman in IBM's service bureau.[3][4][5]

Brockman founded Universal Computer Systems, a computer systems and software provider for car dealerships, in 1970 in his living room. The company sold its first in-dealership computer system in 1982.[4] In the late 1980s, Brockman introduced what remains one of his core software operating systems, called Power.[6]

The company merged with Reynolds & Reynolds on August 8, 2006. He became the CEO after the merger.[7]

Tax fraud charges

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A 39-count indictment was filed against Brockman in September 2020 in the Northern District of California.[8] Brockman was accused of engaging in a 20-year long scheme to hide around $2 billion in income from the IRS. His charges included tax evasion, wire fraud, money laundering, and failure to disclose assets held overseas.[9][10] Brockman pleaded not guilty, and was released on a $1 million bond.[3] In October 2021, Brockman was among those listed in the Pandora Papers revelations, which exposed offshore tax shelters of the financial assets of hundreds of politicians, business people, and celebrities.[11]

Brockman was later placed under an IRS assessment targeting taxpayers who may flee. In March 2022, he offered to put up $1.45 billion to relax IRS liens on his property and assets.[12] In May 2022, he was ruled mentally competent to stand trial by Judge George C. Hanks Jr. of the United States District Court for the Southern District of Texas.[13]

Brockman was an investor in Vista Equity Partners. Its founder Robert F. Smith reached a non-prosecution agreement with the United States Department of Justice, agreeing in October 2020 to assist the DOJ in a case against Brockman who was charged that month with what the DOJ called the "largest ever" tax fraud scheme by a U.S. citizen, and to pay a fine of $139 million.[14][15][16][11][17][18][19][20]

Personal life

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Brockman married at age 18 in Kentucky, and later divorced. He married Dorothy Kay Brockman in 1968; the couple lived in Houston.[1][5] He was a very private individual and refused public interviews.[4]

Brockman owned a Bombardier private jet, a 209-foot yacht named Turmoil , a 17,000-sq.ft. residence in Houston, and a 5,800-square-foot cabin in Aspen, Colorado.[1]

He was a prolific donor to Republican groups and causes.[21][22]

On August 6, 2022, Brockman's attorney Kathy Keneally confirmed that he had died the previous day. He was 81 years old.[23][24] Before his death, Brockman had been diagnosed with dementia.[24]

Philanthropy and board memberships

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In July 2013, Centre College in Danville, Kentucky announced that it had received a $250 million donation from Brockman's charitable trust. This donation was later withdrawn, when a "significant capital market event", upon which the gift was contingent, did not occur.[25][26][27]

Brockman donated money to, and has two named buildings on the campus of, Rice University in Houston. He was also on the Council of Overseers of the Jesse H. Jones Graduate School of Business.[5][28]

He served on the board of trustees of Centre College and Baylor College of Medicine.[29][30]

References

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  1. ^ a b c Maremont, Mark; Gottfried, Miriam (March 3, 2021). "The Billionaire Behind the Biggest U.S. Tax Fraud Case Ever Filed". Wall Street Journal. Retrieved March 13, 2021.
  2. ^ "Robert Brockman, Software Developer Who Fought IRS, Dies". Bloomberg.com. August 6, 2022. Retrieved August 20, 2022.
  3. ^ a b c Michaels, Dave; Gottfried, Miriam (October 15, 2020). "Houston Software Executive Robert Brockman Charged With Tax Evasion". Wall Street Journal. Retrieved March 13, 2021.
  4. ^ a b c Kisiel, Ralph (September 4, 2006). "Mystery man behind merger". Automotive News. Retrieved March 13, 2021.
  5. ^ a b c "Robert T. Brockman". Jones Graduate School of Business at Rice University. Retrieved March 13, 2021.
  6. ^ Helman, Christopher (February 5, 2021). "The Manipulative, Little Known Billionaire Who Nearly Ruined The Country's Richest Black Person". Forbes. Retrieved April 5, 2024.
  7. ^ Hiers, Trey (October 24, 2006). "Reynolds and Reynolds Shareholders Approve Merger With Universal Computer Systems". GlobeNewswire (Press release). Retrieved March 13, 2021.
  8. ^ Brockman Indictment: CEO of Multibillion-dollar Software Company Indicted for Decades-long Tax Evasion and Wire Fraud Schemes (Report). San Francisco: United States Department of Justice. October 1, 2020. pp. 1–40. Retrieved March 13, 2021.
  9. ^ Voreacos, David; Weinberg, Neil (October 15, 2020). "Houston Tech Mogul Indicted for 'Largest-Ever Tax Charge'". Bloomberg News. Retrieved March 13, 2021.
  10. ^ Duffy, Clare (October 17, 2020). "Software CEO Robert Brockman charged in $2 billion tax evasion case". CNN. Retrieved March 13, 2021.
  11. ^ a b "Offshore havens and hidden riches of world leaders and billionaires exposed in unprecedented leak". The International Consortium of Investigative Journalists. October 3, 2021. Retrieved October 4, 2021.
  12. ^ Voreacos, David (March 18, 2022). "Billionaire Robert Brockman Offers to Put Up $1.45 Billion to Ease IRS Liens". Bloomberg News. Retrieved June 21, 2022.
  13. ^ Ivanova, Irina (May 25, 2022). "Billionaire Robert Brockman ruled competent to stand trial in biggest individual tax fraud case". CBS News. Retrieved June 21, 2022.
  14. ^ Helman, Christopher (February 5, 2021). "The Manipulative, Little Known Billionaire Who Nearly Ruined The Country's Richest Black Person". Forbes. Retrieved March 13, 2021.
  15. ^ Saunders, Laura (October 23, 2020). "The IRS Reels in a Whale of an Offshore Tax Cheat—and Goes for Another". Wall Street Journal. Retrieved March 13, 2021.
  16. ^ Primack, Dan (October 16, 2020). "Billionaire philanthropist Robert Smith's tax fraud roils Vista Equity". Axios. Retrieved March 13, 2021.
  17. ^ Ken Dilanian (August 7, 2022). "Robert Brockman, billionaire charged in tax evasion case, dies at 81". Yahoo News.
  18. ^ Voreacos, David; Weinberg, Neil (October 15, 2020). "Houston Tech Mogul Indicted for 'Largest-Ever Tax Charge'; Robert Brockman is accused of hiding $2 billion offshore". Bloomberg. Retrieved October 17, 2020.
  19. ^ Primack, Dan (October 16, 2020). "Billionaire philanthropist Robert Smith's tax fraud roils Vista Equity". Axios. Retrieved October 17, 2020.
  20. ^ Rogers, Taylor Nicole (October 16, 2020). "Read the full letter private equity titan Robert F. Smith sent to investors about his $139 million tax evasion settlement". Business Insider. Retrieved October 17, 2020.
  21. ^ Murphy, Tim (June 20, 2012). "3 Companies, 1 PO Box, and a $1 Million Super-PAC Gift". Mother Jones. Retrieved March 13, 2021.
  22. ^ Schwartz, Brian (March 5, 2021). "GOP groups quiet as billionaire donor stands accused of running biggest tax fraud scheme ever". CNBC. Retrieved March 13, 2021.
  23. ^ Dilanian, Ken (August 6, 2022). "Robert Brockman, billionaire charged in $2 billion tax evasion case, dies at 81". NBC News. Retrieved August 7, 2022.
  24. ^ a b Voreacos, David; Weinburg, Neil (August 6, 2022). "Robert Brockman, Software Developer Who Fought IRS, Dies at 81". Bloomberg. Retrieved August 7, 2022.
  25. ^ Lattman, Peter (September 9, 2013). "A $250 Million Pledge to a College Evaporates as a Deal Collapses". The New York Times. Retrieved March 13, 2021.
  26. ^ Rivard, Ry (September 10, 2013). "Centre College loses huge donation". Inside Higher Ed. Retrieved March 13, 2021.
  27. ^ Maheshwari, Sapna; Allyn, Bobby (October 1, 2013). "How A Reclusive Texas Billionaire Took Back The Biggest-Ever Donation To A Liberal Arts College". BuzzFeed News. Retrieved March 13, 2021.
  28. ^ Leibrock, Keegan; Fredericks, Skye (October 27, 2020). "Prominent Rice Donor Charged in Multi-Billion Dollar Tax Fraud Case". The Rice Thresher. Retrieved March 13, 2021.
  29. ^ Hart, Robin (October 20, 2020). "Centre life trustee charged in $2 billion tax fraud scheme". The Advocate-Messenger. Retrieved March 13, 2021.
  30. ^ "Baylor College of Medicine appoints new board chairman". Biz Journals. May 22, 2006. Retrieved March 13, 2021.
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