Bloomberg Tax
Nov. 6, 2020, 4:01 PM

Tech Mogul Brockman’s $1 Billion Swiss Bank Assets Frozen (3)

Hugo Miller
Hugo Miller
Bloomberg News

Swiss prosecutors froze more than $1 billion held in bank accounts belonging to Houston software tycoon Robert Brockman, who’s been charged in the U.S. for alleged tax evasion and money laundering.

A spokeswoman at the Geneva prosecutor’s office said that accounts were frozen but didn’t specify what banks held the funds.

Brockman was indicted in October by U.S. federal prosecutors for allegedly using a network of secret Caribbean entities to evade taxes on $2 billion in investment income in what may be the largest prosecution of its kind in U.S. history. Brockman is accused of using a Bermuda-based family ...