Las Vegas business and personal injury attorney Charles LoBello Monday pleaded guilty to tax evasion, the U.S. Justice Department, U.S. Attorney's Office for the District of Nevada, and Internal Revenue Service (IRS) announced.
LoBello was indicted in 2010 and charged with five counts of tax evasion and five counts of making false personal tax returns for the years 2001 through 2005.
LoBello concealed more than $900,000 in income, gave incomplete information to his bookkeeper and tax preparer and used his checking accounts to hide large checks he received as legal fees. In a plea agreement, LoBello also admitted he owed an additional $260,625 in income taxes for 2001 through 2005.
LoBello's brother, Mark LoBello, also a Nevada attorney, pleaded guilty to tax evasion in 2008. He was sentenced to 15 months in prison and was suspended by the Nevada Bar.
Sentencing for LoBello is scheduled for October 23. He faces up to five years in prison, a $250,000 fine and restitution.
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