Las Vegas Lawyer Charged with Tax Evasion and Filing False Federal Income Tax Returns
Las Vegas, Nev. – A Las Vegas lawyer has been indicted by the Federal Grand Jury on charges that he concealed over $900,000 in income from the IRS and failed to pay approximately $270,000 in personal income taxes, announced Daniel G. Bogden, United States Attorney for the District of Nevada.
Charles C. LoBello, a Nevada licensed attorney, who practices business and personal injury law in Las Vegas, is charged with five counts of tax evasion and five counts of making and filing materially false personal income tax returns. The indictment was returned on Tuesday, June 22, 2010. If convicted of tax evasion, he faces up to five years in prison and a fine of up to $250,000 on each count. The maximum sentence for a conviction on a false tax return count is three years on each count and a fine of up to $250,000 on each count .
The Indictment alleges that from 2001 to 2005, LoBello had over $900,000 in unreported taxable income from his law practice. During those years, LoBello allegedly evaded the individual income taxes he owed either by failing to file his personal income tax return for 2001, or by filing materially false corporate and personal income tax returns for 2002 through 2005. The Indictment further alleges that LoBello provided incomplete income information to his bookkeeper and tax return preparer, and used personal checking accounts to hide large legal fee checks.
Mr. LoBello was summoned, and is scheduled to make an initial appearance in court on July 9, 2010, at 8:30 a.m. before U.S. Magistrate Judge Lawrence R. Leavitt.
The case is being investigated by the IRS and prosecuted by John P. Scully and Thomas W. Flynn, trial attorneys 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.