Billionaire Robert Brockman Offers to Put Up $1.45B to Ease IRS Liens

What You Need to Know

Robert Brockman is facing both criminal and civil charges that he evaded taxes on $2 billion in income and laundered money.
He is willing to move money held by his family charitable trust from Switzerland into U.S. accounts.
He has pleaded not guilty but also claims he isn’t competent to stand trial due to dementia.

The billionaire facing the largest U.S. tax-evasion case against an individual has offered to put up $1.45 billion if the IRS relaxes liens on his property and assets.

Robert Brockman is willing to move money held by his family charitable trust from Switzerland into U.S. accounts, according to a Friday filing by his lawyers in federal court in Houston.

In exchange, Brockman wants the Internal Revenue Service to lift its so-called jeopardy assessment, which is imposed on taxpayers the agency fears may leave the country or fail to pay their bill.

That assessment has led the IRS to seize funds from accounts owned by Brockman and his wife, placed liens on their former home and other properties, and attach his retirement pay from Reynolds & Reynolds, the auto dealership software company Brockman built.

“It is unreasonable to deprive Mr. Brockman of his retirement pay, or to prevent Mrs. Brockman from selling a residence that the Brockmans left over one year ago, as the IRS is currently doing,” Brockman’s lawyers said in the Friday filing.

Bermuda Trust

Brockman’s filing was part of their effort to get the court to order the assessment lifted. A spokesperson for the Justice Department didn’t immediately respond to a request for comment.

Brockman is facing both criminal and civil charges that he evaded taxes on $2 billion in income and laundered money. He has pleaded not guilty but also claims he isn’t competent to stand trial due to dementia.

Prosecutors say he’s faking. A judge who held a November hearing on Brockman’s competence hasn’t ruled.