Prominent attorney John Karoly pleads guilty to tax evasion
By Matt Birkbeck, themorningcall.com
For more than a quarter-century, attorney John P. Karoly Jr. led a charmed life, winning millions in jury awards for his clients and earning the distinction of being perhaps the Lehigh Valley’s best-known lawyer.
But Karoly’s successful and at times controversial career might have come to an end Monday, when he pleaded guilty to three counts of willfully filing false tax returns for failing to pay taxes on $5.2 million in income during 2002, 2004 and 2005.
As part of the deal, Karoly also agreed to renounce any interest in his late brother’s estate, and prosecutors will drop charges that he and two others submitted phony wills. He still faces a nonjury trial on money laundering and wire fraud charges in September.
Karoly, 59, of South Whitehall Township could serve up to nine years in prison and pay a $750,000 fine. He agreed to pay $1.9 million in back taxes to the Internal Revenue Service.
The plea means Karoly cannot appeal and probably will go to prison and face disciplinary action, including suspension of his law license or even disbarment.
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