Las Vegas Attorney Gets 15 Months in Prison for Tax Evasion
A Las Vegas lawyer who previously pleaded guilty to tax evasion and willfully failed to file federal income tax returns or pay any taxes for a five-year period was sentenced to 15 months in federal prison.
Mark A. Lobello was indicted by the federal grand Jury in November 2006. According to court records, Lobello handled business disputes, personal injury lawsuits and divorce matters. From 1997 and 2001, Lobello earned more than $600,000 in income but failed to file federal income tax returns or pay any federal income taxes for the those years, even though he owed the IRS more than $140,000. Lobello also attempted to conceal his income from the IRS by dealing in cash and mixing business funds with personal funds.
“Everyone, including attorneys like Mr. Lobello, has a duty to comply with federal tax laws and has an obligation to file accurate tax returns and timely pay their taxes,” said Nathan J. Hochman, Assistant Attorney General of the Justice Department’s Tax Division, in a statement. “If they violate these laws, the consequences are severe — indictment and criminal prosecution, being branded a felon for the rest of their lives, significant prison time, and the requirement to pay back all the taxes plus steep penalties and interest.”
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Tags: concealing income from IRS, failure to file federal tax return, failure to pay taxes, tax evasion
