Wednesday, June 23, 2010 | noon
A Las Vegas lawyer has been indicted by a federal grand jury on charges that he allegedly hid more than $900,000 in income from the IRS and failed to pay about $270,000 in personal income taxes, U.S. Attorney for Nevada Daniel Bogden said Wednesday.
Charles C. LoBello, who practices business and personal injury law, is charged with five counts of tax evasion and five counts of making and filing materially false personal income tax returns. If convicted, he faces up to five years in prison and a fine of up to $250,000 on each count of tax evasion.
The maximum sentence for a conviction on false tax return charges is three years and a fine of up to $250,000 on each count, Bogden said. The indictment was returned Tuesday.
According to the indictment, LoBello had more than $900,000 in unreported taxable income from his law practice from 2001 to 2005. He allegedly failed to file his tax return for 2001 and filed materially false corporate and personal income tax returns for 2002 through 2005.
Bogden said LoBello is accused of providing incomplete income information to his tax preparer and used personal checking accounts to hide large legal fee checks.
He is scheduled to appear in court on July 9 before U.S. Magistrate Judge Lawrence R. Leavitt.
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