Las Vegas Lawyer Charged With Tax Evasion
Las Vegas, Nev. – A Las Vegas lawyer was indicted by the Federal Grand Jury today on charges that he concealed assets from the IRS and failed to pay approximately $137,000 in personal income taxes, announced Daniel G. Bogden, United States Attorney for the District of Nevada.
Mark A. Lobello, a Nevada licensed attorney who practices business and personal injury law in Las Vegas, is charged with five counts of tax evasion. If convicted, he faces up to five years in prison and a fine of up to $250,000 on each count.
The Indictment alleges that from 1997 to 2001, Lobello earned and received approximately $585,184 in taxable income. During those years, Lobello allegedly evaded the individual income taxes he owed to the IRS by failing to file timely tax returns and failing to pay approximately $137,013 to the IRS. Lobello allegedly concealed his assets and true income by dealing in cash; using business funds for personal matters; holding assets in the names of nominees; filing repetitive frivolous motions to quash IRS requests for his records; and demanding that clients withdraw IRS paperwork indicating he had earned taxable income.
A summons was issued for Mr. Lobello. He is scheduled for an initial appearance hearing and arraignment and plea before U.S. Magistrate Judge Leen on December 1, 2006, at 8:30 a.m.
The case is being investigated by agents with IRS Criminal Investigation and prosecuted by Thomas W. Flynn, Trial Attorney with the Department of Justice Tax Division.
The public is reminded that an indictment contains only charges and is not evidence of guilt. The defendant is presumed innocent and entitled to a fair trial at which the government has the burden of proving guilt beyond a reasonable doubt.