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00:02The estate of late billionaire Robert Brockman agreed to pay $750 million in back taxes and
00:08penalties, according to the Wall Street Journal. The payment resolves a civil tax case that the
00:13government described as the largest U.S. tax fraud case ever filed against an individual,
00:18according to a U.S. tax court filing Tuesday. The Internal Revenue Service initially sought
00:23$1.4 billion, including interest and $993 million in back taxes and penalties alone.
00:31Brockman was indicted in 2020 and accused of concealing more than $2 billion in income
00:36through offshore entities. He denied the allegations and died in 2022 while awaiting trial,
00:42and the civil case continued after his death. Brockman was described as frugal,
00:47staying at budget hotels and eating frozen dinners while traveling for work,
00:50according to a former executive. He also expressed strong opposition to the IRS,
00:56telling associates he viewed the agency as corrupt and unfair to taxpayers.
01:00For all things money, visit Benzinga.com.
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