Cliff Banks - The Banks Report

Brockman Steps Down as Chairman & CEO as Swiss Prosecutors Freeze More than $ Billion in Assets

November 6, 2020 — Reynolds and Reynolds announced today Bob Brockman has stepped down as chairman and CEO.

Tommy Barras is adding the CEO role to his responsibilities. He was named president and COO in early June.

A new chairman has not been named according to a Reynolds spokesperson.

Brockman earlier this month was indicted on 39 counts of tax evasion, money laundering, and wire fraud in a 20-year conspiracy to defraud investors while hiding approximately $2 billion in numerous offshore accounts and companies in the Caribbean and Switzerland.

Earlier this week, prosecutors in Switzerland froze more than $1 billion of Brockman’s money according to Gotham City, a Swiss blog covering court cases in the European country.

Brockman’s next court date is scheduled for November 12 according to transcripts from his initial hearing in mid-October. During the hearing, Brockman’s lawyer revealed the 79-year old tech giant has Parkinson’s disease, is suffering from a heart ailment, and has had two recent fights with cancer.

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