Robert F. Smith, the billionaire investor who pledged to pay off the student debt of Morehouse College's graduating class last year, has reached a $140 million settlement with the U.S. Justice Department in one of "the largest known agreements by a U.S. taxpayer to resolve issues involving undeclared offshore accounts," the Wall Street Journal reported on Wednesday.
Smith is the co-founder, chairman and CEO of the Austin-based private equity and venture capital firm Vista Equity Partners.
Bloomberg first reported in August that federal authorities had spent four years examining whether Smith failed to pay taxes on about $200 million in assets by moving them through offshore accounts.
The Journal reported that the money in the assets in question ultimately went to the Fund II Foundation, a charity Smith founded in 2014 that has supported scholarships for minority students in STEM fields, research on breast cancer in Black women and the preservation of Martin Luther King Jr.'s birth and family homes.
Under the terms of the settlement, Smith will admit liability for additional taxes owed and not properly filing foreign bank account reports, but he will not be prosecuted, according to the Journal. The $140 million settlement includes an $85 million penalty, $30 million in back taxes and about $25 million in interest.
Smith's profile has increased in the last few years. He married his second wife, former Playmate of the Year Hope Dworacyzk, in 2015 and became the first Black American to sign the Giving Pledge, a campaign founded by Warren Buffett and Bill Gates to get billionaires to pledge at least half of their wealth to philanthropic causes.
In May of 2019, Smith gave the commencement address at Morehouse College, a historically Black men's college in Atlanta, and announced he would pay off the student loans of the roughly 400 graduates.
Smith ranked 330th on Forbes' annual list of the world's billionaires, released in April, with an estimated net worth of $5 billion. He is the wealthiest Black person in the U.S.
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U.S. Senate confirms Amy Coney Barrett's nomination to Supreme Court, with Texans Cornyn and Cruz in favor
By Abby Livingston
WASHINGTON — With the support of Texas' two senators, the U.S. Senate approved the nomination of Judge Amy Coney Barrett to the U.S. Supreme Court in a 52-48 vote Monday evening.
The Texas Army National Guard said Monday that it had been ordered by Gov. Greg Abbott to dispatch 1,000 troops to five major cities across the state, including Austin, in connection with the election.
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Cold weather is finally hitting Austin, which means it's time to enjoy staying at home and bundling up with some cozy meals.
If you haven't become the cook of your dreams since the pandemic hit, now is the perfect time to try out these recipes which will surely warm your belly.
Blackberry, bacon grilled cheese<img lazy-loadable="true" src="https://assets.rebelmouse.io/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yNDU5MzQwMS9vcmlnaW4ucG5nIiwiZXhwaXJlc19hdCI6MTYyMTU4Nzg0N30.y0sULvOAmBjq1ZbNdQ1fdOUgenNLSkbQitW2O-v-h2E/img.png?width=1200&coordinates=0%2C231%2C0%2C369&height=800" id="248c9" class="rm-shortcode" data-rm-shortcode-id="0e9c480efdcda9ca576b8bf3de759c3c" data-rm-shortcode-name="rebelmouse-image" /><p>If you are looking for a completely different take on a traditional comfort meal, try making a blackberry, bacon grilled cheese. Blackberry, bacon and jalapeños on a grilled cheese? Sounds bizarre, but the mixture of savory, sweet and spicy will have you making these every week.</p><p>This easy recipe will only take 15 minutes and will allow you to cozy up on the couch ready to binge watch your favorite show. For any sandwich lover, this take on a grilled cheese will brighten up any gloomy, cold day.</p><p>You can find the recipe for the blackberry bacon grilled cheese<a href="https://www.lemontreedwelling.com/blackberry-bacon-grilled-cheese/" target="_blank"> here</a>.</p>
Jambalaya<img lazy-loadable="true" src="https://assets.rebelmouse.io/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yNDU5MzM5OS9vcmlnaW4ucG5nIiwiZXhwaXJlc19hdCI6MTY1OTc5OTEyMX0.760iOWCfyYyyXbA7NmyTDUa4FctY00REUXftmBLAtA8/img.png?width=1200&coordinates=0%2C117%2C0%2C439&height=800" id="2fca4" class="rm-shortcode" data-rm-shortcode-id="ecd9c9503736d209e8dd3e11b94bb4f5" data-rm-shortcode-name="rebelmouse-image" /><p>For those of you looking for a hearty and flavorful wintertime dinner, try spicing up your kitchen skills by making a cajun jambalaya.</p><p>Jambalaya is a popular dish originated in New Orleans with West African, French and Spanish inspired flavors. With so many different varieties of flavors, you can modify your jambalaya to suit your desires, and add your own touch to the dish.</p><p>This recipe will take about 55 minutes, and will definitely make your neighbors envy the smell coming from next door.</p><p>You can find the recipe for the cajun jambalaya <a href="https://www.gimmesomeoven.com/jambalaya-recipe/" target="_blank">here</a>.</p>
Sheet pan chicken tikka with cauliflower and chickpeas<img lazy-loadable="true" src="https://assets.rebelmouse.io/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yNDU5MzQyNS9vcmlnaW4ucG5nIiwiZXhwaXJlc19hdCI6MTYxMTgyOTE3MX0.OOSOmCgn2kXx-KsiZGjZ_cs5r7X1qZZdwNYAJ5lKR_0/img.png?width=1200&coordinates=0%2C310%2C0%2C311&height=800" id="287c6" class="rm-shortcode" data-rm-shortcode-id="5ada473e20e0a3d9e8e302019bbb3c52" data-rm-shortcode-name="rebelmouse-image" /><p><br>For anyone looking for an easy meal prep during the colder months, try making a sheet pan chicken tikka with cauliflower and chickpeas. This recipe is protein-packed and takes 55 minutes to make.</p><p>This recipe is perfect for anyone who wants to get home, cozy up in their favorite sweater and enjoy a warm, flavorful meal. Try pairing this chicken with rice or quinoa for some more substance.</p><p>You can find the recipe for the sheet pan chicken tikka with cauliflower and chickpeas <a href="https://www.prevention.com/food-nutrition/recipes/a25620918/chicken-tikka-sheet-pan-recipe/" target="_blank" rel="noopener noreferrer">here</a>.</p>
Spicy pork ramen noodle soup<img lazy-loadable="true" src="https://assets.rebelmouse.io/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yNDU5MzQwMC9vcmlnaW4ucG5nIiwiZXhwaXJlc19hdCI6MTYxNzc0NjkyMH0.cIfhB4xkAQdcDYlugGFahbUFRJW-AEklw9i-t68QHxo/img.png?width=1200&coordinates=0%2C530%2C0%2C68&height=800" id="b5335" class="rm-shortcode" data-rm-shortcode-id="e2f83e6aa50d5d8eafd7c4333b0a51ce" data-rm-shortcode-name="rebelmouse-image" /><p><br>If you have five hours to spare at home, put those ramen packets aside and attempt making your own spicy pork ramen. Although it is a bit more time consuming, this ramen will impress everyone in your home and you'll forget about buying ramen from the grocery store.</p><p>The broth is made by slow cooking the pork for four hours, which will enhance the taste and be so worth it. Customize the recipe by adding your favorite vegetables and spice it up a bit more with chili flakes.</p><p>You can find the recipe for the spicy pork ramen noodle soup <a href="https://www.kitchensanctuary.com/spicy-pork-ramen-noodle-soup/" target="_blank" rel="noopener noreferrer">here</a>.</p>
Vegan mushroom wild rice soup<img lazy-loadable="true" src="https://assets.rebelmouse.io/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yNDU5MzM5Ni9vcmlnaW4ucG5nIiwiZXhwaXJlc19hdCI6MTY1MjU5NzI4MH0.YAE_oJnS50B4xV024Eqhs-9AJESRflIpE5XFzCtPHgI/img.png?width=1200&coordinates=0%2C326%2C0%2C191&height=800" id="1f92b" class="rm-shortcode" data-rm-shortcode-id="321a1ea7ed77821f7751ba016b02315b" data-rm-shortcode-name="rebelmouse-image" /><p>As cold weather approaches, what could be better than a mushroom wild rice soup for dinner? When thinking of winter, cream and mushroom definitely come to mind. If you are looking for the perfect cold weather dish, look no further.</p><p>This warm and comforting dish will take about an hour to make and is completely dairy and gluten free. With minimal ingredients and only one pot needed, the total time you'll spend making this soup is about how long it would take for you to order take out and pick it up. Homemade tastes better anyway.</p><p>You can find the recipe for the vegan mushroom wild rice soup <a href="https://shortgirltallorder.com/vegan-mushroom-wild-rice-soup" target="_blank">here</a>.</p>
Two virtual community meetings scheduled Monday and Thursday about the future of Hancock Golf Course have been canceled because too many people signed up to attend.
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Academy-award winning actor Matthew McConaughey explains his goals for Austin, in his role as the minister of culture of the University of Texas, and what it means to be an Austinite on Joe Rogan's podcast.
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A second, stronger cold front is expected to hit tonight—bringing chilly weather through at least the rest of the week and rainy weather through Wednesday.
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