Albula off Portals, but who is on board?

Albula off Portals, but who is on board? | Stadler

Humphrey CarterPalma22/09/2022 15:10
TW1

The luxury yacht Albula is currently off Mallorca but who is on board remains a mystery because its owner, a billionaire software developer who was fighting the biggest individual tax evasion case in US history, died at his home in Houston last month.

Robert Brockman, 81, a self-taught software entrepreneur who developed a system that helped car dealers run their operations virtually, had been fighting IRS allegations of money laundering and tax evasion worth more than $2 billion since 2020.

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Prosecutors said that Brockman, who had a personal net worth of $4.7 billion, owned an $8 million mansion in Houston, a Colorado ski cabin, a Bormbardier jet and a 209 foot yacht.

Born in Florida, where his father ran a gas station and his mother worked as a physiotherapist, Brockman registered dozens of patents, and founded Reynolds & Reynolds, a software company that boasted more than 5,000 employees and was worth more than $5 billion, according to Bloomberg.

In October 2020, federal prosecutors charged Brockman with using offshore companies, code names and burner phones to hide more than $2 billion of income from the IRS, most of it earned through Vista Equity Partners, a private equity firm that he helped launch.