The case involves Houston billionaire Robert Brockman, the owner and former CEO of dealership management systems firm Reynolds & Reynolds who is accused of evading taxes on $2 billion in income, most of which came from his early investments in Vista.
Brockman, 80, claims he has dementia that’s left him unable to help his lawyers at trial. But prosecutors say he’s faking, and a judge will hold a hearing in Houston next month to assess whether Brockman is competent.
Vista CFO John Warnken-Brill had “extensive contact” with Brockman and the government’s chief cooperating witness, Evatt Tamine, prosecutor Corey Smith told a federal judge in Texas. Smith said Warnken-Brill would only appear at the hearing in Houston if Tamine is unable to come from the U.K. because of travel restrictions.
Tamine, an attorney, worked with Brockman for more than a decade to create a web of opaque Caribbean entities to hide income from the U.S. Internal Revenue Service, prosecutors allege. Brockman “directed” that at least $1.6 billion be invested in Vista funds over 17 years, according to a Bloomberg analysis of the indictment. It’s unclear whether the entire amount was ultimately committed to Vista.