Billionaire Robert Smith Reaches 140 Million Settlement With Doj Over Tax Problems
That comes to about $140 million altogether, which Smith has consented to pay in exchange for a non-prosecution agreement with the Department of Justice. That means that the settlement will also include an admission of the tax liabilities as well as improper tax filings, but he won’t face prosecution for the matter as long as he pays what he owes and follows a few other terms and conditions. The settlement puts a lid on an investigation that’s been going on for at least four years into over $200 million in financial assets that Smith’s Vista equity fund had set up in business entities in the Caribbean....