“Robert F. Smith, the Denver native whose tech investing made him a multi-billionaire, is set to avoid prosecution for tax evasion after reaching a $139 million settlement with the government, officials announced Thursday.
Smith, an alumnus of Denver’s East High School, has been under federal investigation since 2016 for dodging taxes on $200 million in assets moved through financial entities based in the Caribbean, according to a Bloomberg News story published in August.
That criminal probe is coming to an end after Smith reached a deal with the Department of Justice, the Associated Press reported. In addition to the settlement, Smith is working with prosecutors in a case against Houston businessman Robert Brockman.
Brockman was indicted Thursday on 39 charges related to an alleged $2 billion tax fraud scheme, according to the AP, the largest-ever tax evasion case against an American.”
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Rubino, Joe. Canon City Daily Record 16 October 2020.