Taxes

Billionaire Charged in $2 Billion Tax Fraud Says He Has Dementia

Software maven Robert Brockman says, at 80, his memory loss bars him from trial in the biggest individual evasion case in history; prosecutors say he’s faking it. Judge to decide.

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Robert Brockman holds 10 patents. He created one of the world’s top software systems for car dealers and amassed billions in overseas trusts. In recent years, he seemed to some just as sharp. In a 2019 antitrust case, at age 77, he said, “I am into the details, big time.” A year later, he promised to teach a top executive complex tasks.

Yet in 2018, when federal agents raided the Bermuda home of his trust manager, leading ultimately to Brockman’s indictment on charges of evading taxes on $2 billion, prosecutors say he began assembling evidence that his mind was failing. If true, he could be excused from standing trial in the largest such case in U.S. history.