A Las Vegas lawyer has been found guilty of tax evasion, a federal crime that carries a maximum five-year prison sentence and a $250,000 fine.
Charles C. LoBello, a Nevada-licensed attorney who practices business and personal injury law in Las Vegas, pleaded guilty in federal court to one count of tax evasion. U.S. District Court Judge James Mahan presided over the plea hearing.
According to court documents, LoBello concealed over $900,000 in income from the United States, intentionally gave incomplete information to his bookkeeper and tax return preparer, and used personal checking accounts to hide large checks he received as legal fees.
LoBello admitted that for the years 2001 through 2005 he owed an additional $260,625 in income taxes. He has agreed to pay restitution in the amount of $260,625 to the IRS, which represents his unpaid personal income tax liability for 2001 through 2005. He also agreed to pay all applicable interest and penalties on that tax liability.
The case was investigated by special agents of IRS – Criminal Investigation, and prosecuted by Tax Division Trial Attorneys Thomas W. Flynn, John P. Scully, and Dennis R. Kihm.
U.S. District Court Judge James Mahan has scheduled sentencing for October 23, 2012. LoBello faces a maximum potential sentence of five years in prison and a fine of up to $250,000.
LoBello’s actions were a blatant disregard for the law and a betrayal of the trust placed in him as a licensed attorney.
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Key Facts
- State: Nevada
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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