Robert Smith, the billionaire chief executive of Vista Equity Partners, has reached a $140 million settlement with the Justice Department, ending a yearslong criminal tax probe, according to people familiar with the matter. As part of the settlement, Mr. Smith will enter into a nonprosecution agreement, the people said. He will admit liability for additional taxes owed and not properly filing foreign bank account reports but won’t be prosecuted. He will agree to abide by certain conditions set forth by the government, the...

Source: Wall Street Journal October 14, 2020 22:17 UTC