four in a bed contestant dies. Email resume to: samantha@cprestaurants.com or, WE ARE HIRING! King, wrote to trustee Tamine, a.k.a. When you have a 12-inch-thick contract, its somewhere in there.. Even though the ranch is not owned directly under the name of Brockman, he is still the one who owns it, the complaint said. A Moodys report at the time estimated Reynolds free cash flow that year at $350 million, with 40% margins. He was 81. Brockman became an investor in Smith's private equity fund back in 2000, first with a $300 million commitment, and later increasing it to $1 billion. Heres how Lexis Search Advantage | Transactional unites internal and external research to create better deals faster. [10] 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. In Kentucky, Brockman got married at age 18 and later got divorced. Smith committed serious crimes, but he also agreed to cooperateagainst Brockmanwhich has put him on a path away from indictment.. Even though that wealth would likely see him ranked about 50th on the Forbes 400 list of billionaires, Brockman hasn't ever appeared on the list. This business has 0 complaints. Rob Brockman Construction. He would buy used furniture for his offices and banned his employees from smoking so the company could save on health insurance. Enter the 2010 Playboy Playmate of the Year, whom Smith began dating after his 2011 separation from his wife. [20][21][22], Brockman donated money to, and has two named buildings on the campus of, Rice University in Houston. Nov 2016 - Mar 20181 year 5 months. Please log in if you don't want to post Starting in 2000, Brockman committed $1 billion in capital to Vistas first fund and taught Smith the ins and outs of running an enterprise software business. Brockman, 79, was indicted last year in what Bloomberg described as 'the biggest U.S. tax-evasion case ever against an individual' after he allegedly failed to report $2 billion in income to the Internal Revenue Service. He can be reached at jon_wolf@hotmail.com. Robert Brockman Wiki Robert Brockman Yacht Robert Brockman Wife Robert Brockman Age Russias War On Ukraine: Daily News And Information From Ukraine, Todays Wordle #623 Hint, Clues And Answer For Saturday, March 4th, WWE SmackDown Results: Winners And Grades As Rhodes And Reigns Finally Face Off, Big Jumps In Diversity Fuel Surge In U.S. Tennis Participation Since 2020, Billionaire-Run Villarreal, Almera And Valencia Near Mixed Fortunes In La Liga, For Web3 Collectors, Neal Stephensons 1-Of-1 NFT Is The Ultimate Metaverse Artifact With Bespoke Utility, Celebrate Bottled In Bond Bourbon, The Spirit That Saved American Whiskey, 2022 Billionaires: Cities With The Most Billionaires, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. A buttoned-up ex-Marine, Brockman was not well-liked at easygoing Reynolds. [3] From 1966 to 1970, he worked at IBM and was the leading U.S. salesman in IBM's service bureau. When you have thousands of captive dealers locked into multiyear contracts, those fees turn into $1 billion, with annual income estimated to be $300 million. Included in those details is the existence of an unnamed Houston lawyer who served as a longtime adviser to Mr. Brockman. Smith himself used this enigmatic attorney from 2000 to 2014 to put in place false paper trails to hide his accounts, according to Smiths, ahem, account. 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. In exchange for an agreement not to prosecute, Smith would pay $56 million in taxes and penalties on unreported income plus another $82 million in penalties for concealing offshore accounts. Anytime you asked for something or you needed something, he would automatically extend your contract without you knowing. It is the involvement of Point Investments, an unknown non-U.S. investor, which generally causes the compliance issues. When pressed on Points beneficial ownership, Tamine wrote, I have walked us through with minimal disclosure.. Likewise, he owns a Bombardier private jet, a 209-foot yacht named Turmoil, a 17,000-sq.ft. When Brockman took over, it was like a frog in boiling water, according to a consultant who advised dealers on arbitrations. Brockman, who has pleaded not guilty to 39 counts of tax evasion, wire fraud and money laundering, lives in this Houston, Texas mansion +7 View gallery Prosecutors say he owns a Houston mansion. Brockman made his money by screwing people, Gill says. Now Brockman had thousands of new clients to transition to his Darth Vader contract. Excellent Benefits, Vice President and Campus Dean Colorado Mountain College Spring Valley Glenwood Springs Please go to: www.coloradomtn.edu/employment for more information. Brockman was intimately involved in directing the Vista team on how to apply his playbook of operating principles focused on cost reduction and product consolidation. An avid craftsman, he made very special gifts for family and friends. Under, Do you want to enjoy going to work? Hes making more money from Hogwarts: Legacy than her anyway. The penny-pinching billionaire 'behind biggest ever US tax Trump announces he has taken a $1.2B loan against the Bank hiding $2 billion in income from the IRS over two decades using a web of off-shore companies in Bermuda and St. Kitts and Nevis. ), For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you, From JC Chaudhry's numerology love to Adar Poonawalla's candidness on Covid, IPOs and more, our top reads of the week, Scorching summer may derail rural recovery, lead to a spike in inflation and interest rates, Photo of the day: World Wildlife Day 2023, Football: Technology, rules, tactics, migration and human agency of the Beautiful Game, Dr. Arindam Pande highlights contributing factors for heart disease, How Brand WPL will be built over the long term, Vita and Jalaj Dani: Creating self-sustaining communities, Revisiting the Indus Water Treaty: A path to sustainability and stability in the face of climate change, Byju's-Aakash deal done, JC Chaudhry is now busy building a world for numerology, How Persistent Systems' Anand Deshpande is using his wealth to create nano entrepreneurs, How family philanthropy can shape a new social contract in India, France votes in favour of legislating stricter licensing rules for new crypto firms, UAE's Ras Al Khaimah plans to launch a free zone for virtual and digital asset firms, Axis Bank completes acquisition of Citi India's consumer banking business, Get the latest stories, videos, and podcasts from Forbes India directly in your inbox every Saturday. In 1970 he left IBM, launched Universal Computer Services and taught himself how to program at a time when it involved feeding decks of punched cards into hulking machines. He then enlisted Smith to help with the deal of his careera leveraged buyout of Ohios Reynolds and Reynolds in 2006 for $2.4 billion. Its legal and normal for corporations to set up subsidiaries in tax havens to own patents and other high-margin intellectual propertysoftware makers have long parked IP in Ireland, for instance. F ellow billionaire Robert Smith, who is the CEO of a private equity firm that aided in the alleged schemes, is cooperating with the investigation after turning against Brockman to avoid prosecution himself.. Smith, the richest black person in America with a net worth about $7 billion, has also been ordered to pay $139 million in back taxes and penalties. He is regarded as a very private person who has declined to give public interviews. The referrals are a nice bonus too, Get to figuring your way around AI sooner rather than later, Enjoy. It was not immediately clear if the asset forfeiture reported by Bloomberg also includes the Mountain Queen property or his Houston mansion. . Now, five years after retiring from baseball, he's accelerating his transformation from former athlete to investor and owner -- with an eye on his legacy, and maybe a dose of redemption. Hong Kong. Said Tamine in an encrypted memo, As you know, I even cut short the trip to Argentina to get back to Oxford to destroy more drives that had been discovered.. This Tool Can Help. Finance, Fraud, Jonathan Wolf, Money Laundering, Robert F. Smith, Robert T. Brockman, Tax Evasion, Unnamed Houston Lawyer. Anytime you asked for, or needed something, he would automatically extend your contract without you knowing.. Robert Brockman Professor; Distinguished Research Engineer; Joint Appointment with University of Dayton Research Institute Full-Time Faculty School of Engineering: Department of Civil and Environmental Engineering and Engineering Mechanics Contact Email: Robert Brockman Phone: 937-229-3484 Selected Publications Brockman reportedly planned to take out $2.5 billion in cash. How did Robert Brockman die? Billionaire software developer - MEAWW 2023 Breaking Media, Inc. All rights reserved. The tax liens filed last week said Henke Holdings is an alter ego of Brockmans. In a memo to Brockman he wrote: Even if Robert Smith clears up his problems, the target is well fixed on me and we need to anticipate that well be audited at some point. In September 2018, agents in Bermuda raided Tamines home. On this Wikipedia the language links are at the top of the page across from the article title. Its also just the first peek, for the public, into a deep world of money-laundering intrigue. The Manipulative, Little Known Billionaire Who Nearly Ruined The Numerous sources reported that Brockman died at 81 at his house in Houston. In 2009, he relocated with Suzanne, his wife of 22 years, to Switzerland. If youve been thirsty for a legitimately huge UFC pay-per-view event, one that bridges the gap between casual mixed martial arts fans and the hardcore, there is one on the doc for Saturday night at the T-Mobile Arena in Las Vegas. The company sold its first in-dealership computer system in 1982. In 2013 Brockman attempted a dividend recapitalization of Reynolds that would have valued the company at $5.3 billion and increased debt from $900 million to $4.3 billion. Both wood-frames were built in 1975 and have a combined actual value of $4.096 million and an assessed value of $292,930. So today, in the spirit of looking forward, Im going to afford all of us a luxury its hard to even remember at this point: something written about neither Donald Trump nor COVID-19. Robert Brockman, the software executive charged in the largest-ever tax case against a U.S. individual, departs from a competency hearing at the federal courthouse in Houston, Texas, U.S., on Tuesday, Nov. 16, 2021. Senior Projects/Projects Finance Lawyer (Korean,5+ PQE), Location Remote, United States of America, with two promising vaccines in development, a federal grand jury in San Francisco returned a 39-count indictment, Understanding Big Law: A Must-Read Guide To One Of The Most Challenging Workplaces In The World Is Now Available, DOJ announced a nonprosecution agreement with Robert F. Smith, to forfeit $182 million in charitable contribution tax deductions, which allowed Smith to become a billionaire in the first place, Legal Knowledge Management To Drive Dealmaking. | [1], He was a prolific donor to Republican groups and causes. [6], A 39-count indictment was filed against Brockman in September 2020 in the Northern District of California. As part of his non-prosecution agreement, Smith admitted to using a nominee trustee and corporate manager to hide his control in four off-shore companies. At the end of 2013, Banque Bonhte notified Smith that it intended to participate in the DOJs Swiss-bank program and would be informing U.S. authorities of his account. Amazon Pauses Construction on Second Headquarters in Virginia as It Cuts Jobs, iPhone Maker Plans $700 Million India Plant in Shift From China, S&P 500 Notches Best Week Since Late January: Markets Wrap, Amazon Is Closing Its Cashierless Stores in NYC, San Francisco and Seattle, Zoom Abruptly FiresPresident Greg Tomb Without Cause. To visit our Archives, click here. In 2005 his software company reportedly had $530 million in revenue and $100 million in profits, with 2,600 employees. Billionaire Robert Brockman, Accused of Biggest Tax Fraud in U.S - WSJ That matter is pending before a federal court judge in Houston. Prosecutors, however, believe Brockman may be faking his mental decline. A doctor found in March 2019 that Brockman had poor short-term recall. He is accused of hiding income he made on his investments in private equity funds from the IRS. File a Complaint. So far, Bermudian and Swiss authorities have frozen his accounts, and Tamine is cooperating with the authorities. Says Gillrie, When you have a contract that gives you a monopoly on your customer for 30 years, you dont have to listen to anything they say., In 2010 Jay Gill, a Fresno, Californiabased entrepreneur with 10 dealerships, was hit with a $3 million bill when he acquired Livermore Auto Group, which had been paying $35,000 a month to Brockmans company. Really doesnt seem worth it for one months worth of decent, but far from extraordinary, receipts every year. These two men have a lengthy history, with Brockman serving as the sole investor in Smiths first private equity fund 20 years ago, an investment which allowed Smith to become a billionaire in the first place. It is never too late to do the right thing, said U.S. attorney David Anderson in a statement. Smith wound down Vistas first fund and set up a foundation with hundreds of millions of dollars of its profits. Do any readers in Houston have rampant speculation as to which attorney this might be (if I have to say it, thats a joke, dont post any accusations publicly [but feel free to email me whatever wild theories you might have privately])? Robert Brockman Wiki, Yacht, Wife, Age, House, Tax, Cause Of Death [8][9] Brockman pleaded not guilty, and was released on a $1 million bond. Robert Theron Brockman (May 28, 1941 - August 5, 2022) was an American billionaire businessman and once CEO of Ohio -based Reynolds & Reynolds software company. I've had enough of life': Grandmother, 86, is reduced to tears after killjoy Tory RICHARD LITTLEJOHN: As Florida governor and Donald Trump rival Ron DeSantis steps up his bid to win the Hairy Bikers star Dave Myers speaks out on his deep depression after chemotherapy which left him having 'How I snatched JK Rowling's baby out of her abusive husband's arms - and helped her flee with the Harry Top equestrian rider, 39, once known as the 'golden girl' of horse eventing, is facing jail after being A possum feared extinct is discovered by an amateur naturalist in Papua New Guinea being cooked on a Now California reparations panel RAISES amount it wants to give 1.8m black people from $220,000 to $360,000 My weekly horoscope: What will March 4th 2023 bring for MY star sign? Vista then distributed $799 million of the proceeds to an account at Swiss bank Mirabaud that was controlled by Brockmans Point Investments. Texas wants to ban delta-8, but veterans are pushing back, Galveston gets fourth Carnival Cruise Line, Lauren Daigle at Houston Rodeo: 'God always has your number', Exclusive: Abbott explains push against diversity hiring programs, UH, Texas A&M removing DEI statements from hiring practices, 1960s River Oaks strip center to be replaced by luxe apartments, Man dead, person arrested after suspected homicide in League City, Houston is the most stressful city to work in, says new study, DOJ charges Texas billionaire in $2 billion tax fraud scheme, Get Dwight Silvermans weekly tech newsletter in your inbox, Final Four March Madness Music Festival 2023 lineup released, McCombs service draws luminaries, regular folks to pay respects, 2023 Houston rodeo parade: Route, map and more for season kickoff, Watch a Clydesdale collapse during mishap at Texas rodeo, 2023 Houston rodeo: Parking map, where to park and more. In mid-October, a federal grand jury in San Francisco returned a 39-count indictment against billionaire Robert T. Brockman. Over the years more than 100 dealers, beaten in arbitration, refused to pay off their contracts with Brockmans companies and wound up in federal courts. Prince Andrew has 'offered to manage prestigious Royal estates including Balmoral but King Charles has told PLATELL'S PEOPLE: Yes, Madonna toyboys are fun but not if you value your dignity. Robert T. Brockman, a millionaire American businessman who passed away on August 5, 2022, served as the previous CEO of the Reynolds & Reynolds software company in Ohio. Brockman was the former chairman and CEO of Reynolds and Reynolds, which sells software and services . Under the ownership of Mountain Queen LLC in Aspen, 230 McFarlane Road also is located off Highway 82 toward Independence Pass. Ford was laid-back and easygoing, and the dealers trusted them., Brockman could have gotten away with having his businesses held through the A. Eugene Brockman Charitable Trust had he been able to show that he was a passive beneficiaryrather than the control freak that Smith alleges him to have been: It became apparent to Smith that despite paperwork that indicated to the contrary, Individual A [Brockman] completely controlled Individual As foreign trust and related foreign companies, and made all substantive decisions regarding all of its transactions and investments. Including, of course, the decision not to disclose any of it to the IRS. Experience is a plus but not required for the right. Part of the Daily Mail, The Mail on Sunday & Metro Media Group. Moreover, his estimated net worth is supposed to be around 2 billion USD. Both entities were formed in Colorado on September 7, 2005, at the direction of Brockman.. [15], Brockman married at age 18 in Kentucky, and later divorced. Billionaire Brockman Innocent of Tax Fraud, U.S. Witness Says in Bloomberg obtained an asset-seizure affidavit filed by IRS special agent Ted Lair that alleges Brockman laundered some of his money through funds managed by billionaire Robert Smith'sprivate equity firm Vista Equity Partners. According to Smiths statement, Brockman, in a take it or leave it proposal, insisted that Smith hold half his carried interest in the initial Vista Fund II via a perfected foreign trust like his own. See William Robert Brockman's age, phone number, house address, email address, social media accounts, public records, and check for criminal records on Spokeo. Fellow billionaire Robert Smith, who is the CEO of a private equity firm that aided in the alleged schemes, is cooperating with the investigation after turning against Brockman to avoid prosecution himself, Brockman allegedly laundered some of the fraud money through funds managed by Vista Equity Partners. Brockman was indicted on tax evasion and money laundering charges that accused him of using a complex trust structure in the . Also consider other hobbies. Robert "Bob" Brockmans' House in Houston, TX - Virtual Globetrotting Thank you for your comment, we value your opinion and the time you took to write to us! The case of the Dos Robertos is an example of the DOJ Tax Division and the IRS Criminal Investigation team kicking ass and taking names, but it isnt only that. Brockman sued, alleging violation of antitrust laws, but eventually dropped the suit. Plastic surgeon reveals five cosmetic procedures she would NEVER get - from dangerous Brazilian butt lifts BEL MOONEY:Why does caring for my dad take over my life? A months-long investigation by Forbes reveals that the alleged tax evasion is not the first, or only, sin Brockman may have committed during his impressive career. He was also on the Council of Overseers of the Jesse H. Jones Graduate School of Business. His company Reynolds and Reynolds, which he led until the indictment, provides software for car dealerships. Does An In Depth Analysis Predicting SCOTUS Decisions Help You Wind Down? In 2005 Ford refused to renew Brockmans exclusive license unless he agreed to a three-year wind-down of his existing contracts. Seeking Professional Day and Night Drivers Glenwood Springs, Rifle, Aspen & Vail Set your own schedule weekly Top Drivers Earn, Assistant Controller $80-100k per year Contact: Adam Kovalick 970-923-5600 akovalick@snowmassclub.com We are an Equal Opportunity Employer and Prohibits Discrimination and, We are Growing! Difficult LLC acquired the property for $5.26 million in March 2011, prior to the remodel. A federal grand jury in San Francisco, California, returned a 39 count indictment charging Robert T. Brockman, the Chief Executive Officer of an Ohio-based software company, with tax evasion, wire fraud, money laundering, and other offenses, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Tax Division, U.S. Attorney David L. Anderson for the Northern District . All three properties are located on roads off Highway 82 leaving Aspen. with this post, location or person. Robert Brockmans' company Universal Computer Systems Inc. merged with The Reynolds and Reynolds Co. as part of $2.8 billion buyout funded primarily by a group of investors that includes Goldman Sachs Capital Partners and Vista Equity Partners. Robert Brockman House By enabling car buyers to check boxes with a stylus and sign contracts on the interactive screen, the DocuPad takes the friction out of a car salesmans stock in tradethe upsell. Time will tell. You recover the initial cost of DocuPad very, very quickly, Brockman said, alluding to the $10,000 startup fee, plus an ongoing $1,000 monthly license. Robert "Bob" Brockmans' House in Houston, TX (Google Maps) Things are bad. Does the nature of Smiths deal suggest government cooperation by his former attorney? Smith has already paid a record $139 million to get the IRS off his back and agreed to cooperate with investigators in the case against his onetime benefactor and mentor. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, What Led to Europe's Deadliest Train Crash in a Decade, This Week in Crypto: Ukraine War, Marathon Digital, FTX. [19], In July 2013, Centre College in Danville, Kentucky announced that it had received a $250 million donation from Brockman's charitable trust. Fresh out of Columbia Business School and a rising star in Goldman Sachs investment banking department, Smith was talking to Brockman about doing a buyout of his growing software business. What Do Millennials Think Of Law Firm Life? Heres How To Get Yours Right. Lewy body dementia is a common form of the cognitive illness in which protein deposits in nerve cells cause physical and mental impairment. The five-bedroom, four-bathroom home was built in the mid-2000s and remodeled in 2013. Smiths payment to the IRS, while among the largest ever made in connection with getting busted for using secret offshore accounts, still comes off as a slap on the wrist to some legal commentators, who marvel at him avoiding any time for his myriad offenses. Smith was enjoying life too. Needing a name to put on his business cards, 1964 marked the . Who Is The Mysterious Houston Attorney At The Center Of Multibillion He was accused of orchestrating a $2 billion tax evasion scam in October 2020. We will never sell or share your information without your consent. This donation was later withdrawn, when a "significant capital market event", upon which the gift was contingent, did not occur. Brockman, 80, has pleaded not guilty to 39 federal charges that include wire fraud and money laundering as part of an alleged $2 billion tax scheme, the largest amount ever for a U.S. tax case, the government has said. That same year Vista wound down Brockmans Fund II and exited its small stake in Reynolds and Reynolds. As part of the nonprosecution agreement, Smith admitted that he criminally evaded taxes on more than $200 million in income between 2000 and 2015 by stashing it in secret Swiss and Caribbean accounts. [4], Brockman owned a Bombardier private jet, a 209-foot yacht named Turmoil , a 17,000-sq.ft. He is the founder and former chief executive of Reynolds & Reynolds Co., which makes software used by automobile dealerships. [4], The company merged with Reynolds & Reynolds on August 8, 2006. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". Brockman allegedly spent another $8.2 million on renovations and improvements to the Frying Pan Canyon property in 2014. All Rights Reserved. Check out our Festive offers upto Rs.1000/- off website prices on subscriptions + Gift card worth Rs 500/- from Eatbetterco.com. Robert and Dorothy Brockman attend an intimate al fresco dinner celebrating the Rice University groundbreaking of James Turrell's Rice University Skyspace project at the home of Phoebe and Bobby Tudor, Tuesday evening, May 17, 2011, in Houston. Privacy Center | [3][4][5], Brockman founded Universal Computer Systems, a computer systems and software provider for car dealerships, in 1970 in his living room. Inside Matt Hancock's 41-hour battle to save his career when photo of 'a snog and heavy petting' with aide Will Vladimir Putin's empress pay the ultimate price for his war on the West? (This story appears in the 23 April, 2021 issue of Forbes India. By the late 1980s Brockman had dozens of computers installed at dealerships, and he introduced what remains his one of his core software operating systems, called Power. The USTA has announced that there's been a 90% increase in the number of tennis players of Hispanic/Latino descent, a 46% increase in the number of Black tennis players, and a 37% increase in the number of tennis players of Asian and Pacific Islander descent. [3] In Brockman was placed under an IRS assessment targeting taxpayers who may flee. He is accused of hiding income he made on his investments in private equity funds from the IRS. He continues to hold small interests in several of Vistas $73 billion in private equity funds. Besides the Colorado properties, prosecutors claim he owns aHouston mansion worth an estimated $8 million, a Bombardier private jet and a 209-foot yacht. He was doing this in the 1980s, marvels Paul Gillrie, a veteran auto-industry consultant. Billionaire Robert Brockman, Accused of Biggest Tax Fraud in U.S. History, Dies at 81 The penny-pinching software executive was awaiting trial on charges of concealing more than $2 billion from. But arent you just dying to learn more? They also argue that Brockman continued to head his software company during this time despite his alleged mental decline. Robert Brockman - an American billionaire accused of allegedly "using a Bermuda-based family charitable trust and other offshore entities to hide assets from the Internal Revenue Service while . cache 6h 0m Robert Brockman Age. Heres what you need to know. Robert Brockman grew up in St Petersburg, Florida, and graduated summa cum laude from the University of . On his personal website, since taken down, Brockman, who holds 21 patents, wrote: Im still a programmer at heart. At the time of the indictment, Reynolds & Reynolds issued a statement saying the allegations were outside Brockman's work with the company and that the company is not alleged to have participated in any wrongdoing. In 2016 he and his foundation pledged $50 million to Cornell Universitys engineering school and $20 million to the National Museum of African American History and Culture. Can Instacart's Apoorva Mehta outdo Jeff Bezos? Robert Brockman built a fortune as a software entrepreneur. For the dangerous task of helping Smith hide hundreds of millions of dollars from the IRS (and potentially risking the same legal exposure as his or her client in doing so), this law school-educated reverse Robin Hood was apparently paid the comparatively paltry sum of just $800,000, which works out to a smidge over $57,000 per year on average over 14 years of involvement with Smith. Come join Frias Properties sales team! Brockman is the founder and former CEO of Dayton, Ohio-based Reynolds and Reynolds Co., which sells business software to auto dealerships. Brockman, who has a reputation for being litigious, would stay at budget hotels and ate frozen dinners on business trips. The Wall Street Journal reported late last month on some of the key details of Smiths admissions in his nonprosecution agreement. Then, in 2010, Vista sold Ventyx to Swiss power and automation giant ABB for $1 billion. The 42-page indictment against Brockman names two Colorado properties of interest in the case. Ralph Lauren. Federal prosecutors have charged the Texas billionaire in a $2 billion tax fraud scheme that they say is the largest such case against an American.