Bloomberg Tax has published an article titled Billionaire Must Stand Trial in Largest US Tax-Evasion Case. The article begins as follows:
The judge overseeing billionaire Robert Brockman’s tax evasion case, the largest against an individual in US history, rejected his claims that dementia leaves him incompetent to stand trial.
US District Judge George C. Hanks Jr.’s decision means Brockman, 80, must defend a 39-count indictment accusing him of evading taxes on $2 billion of income and other crimes. Brockman’s lawyers argued his progressive dementia, caused by Alzheimer’s and Parkinson’s disease, has accelerated recently. If his condition worsens, they could file a new incompetency claim.
“The court finds that despite Brockman’s recent health problems, the government has met its burden of establishing that Brockman is competent to stand trial,” Hanks ruled Monday in federal court in Houston.
Testing shows Brockman is “exaggerating his symptoms of severe dementia and his cognitive abilities are not as poor as reflected by his cognitive test results,” the judge wrote. “In other words, Brockman is malingering to avoid prosecution.”
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Posted by Jessica Ji, Associate Editor, Wealth Strategies Journal.