How private equity titan Robert F. Smith evaded $43 million in taxes - Business Insider

A representative for Smith at Vista Equity Partners declined Business Insider's request for comment on the contents of theProsecutors traced Smith's troubles back to his time as a young investment banker at Goldman Sachs, when he allegedly met a person identified only as "Individual A.

When Smith left Goldman to open a private equity firm in 2000, Brockman became the sole investor in the firm's first fund, eventually using his foreign trusts to sink in $1 billion, according to the document. Brockman required that Smith's fund be held through a "perfected foreign trust" in the Cayman Islands similar to Brockman's original company to hide the two firms' connection from the IRS, per the statement of facts.

Smith ultimately agreed with the DOJ's assertion that he should have paid taxes on the $200 million held in the offshore structure, but will not be prosecuted because of the agreement. An unnamed source told

Was it a scheme or did he have a highly skilled tax strategist?

If the black man got caught, how many white people getting away with it? He pays for for black men to go to school debt free, he gets investigated. The optics stink at thee very least!

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Unpaid because of racism? There may be some protestor funding groups prepared to bail out the debts of the wealthy who are oppressed.

Now investigate Trump, tired of these rich people not paying taxes and middle class has to pay so much, more than likely we are paying their taxes they would not pay.

good

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