Washington  — Federal prosecutors have charged Houston-based technology executive Robert Brockman with hiding $2bn in income from the IRS over 20 years, in the biggest tax fraud case against an individual in US history.

At the same time, the US attorney for the northern district of California announced he had struck a non-prosecution agreement with Robert Smith, the billionaire chief executive of Vista Equity Partners, in exchange for his help in securing the charges against Brockman. Smith was to pay a nearly $140m fine for concealing income offshore as part of the agreement, reports said. ..

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