Founder, CEO of Cvent's private equity owner caught up in federal tax fraud

The U.S. Department of Justice on Thursday announced that private equity firm CEO Robert F. Smith has entered into a non-prosecution agreement on an international tax fraud scheme, agreeing to pay $139 million, abandon $182 million in charitable contribution deductions and cooperate with an ongoing government investigation. Smith founded Vista Equity Partners, which maintains offices in both San Francisco and Oakland and invests mainly in software companies in 2000. Vista acquired Cvent, the McLean…