Shore pizza kings plead guilty to tax evasion, lying to Feds
Charles and Mary Bangle, co-owners of Manco & Manco Pizza, will be sentenced in October for tax evasion and lying to Federal investigators.
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THE PIES will be coming out hot and fast at Manco & Manco Pizza this weekend and the owners of the famous Jersey Shore eateries won't be going to trial for tax evasion after all.
Charles Bangle, 55, of Somers Point, Atlantic County, pleaded guilty to tax evasion charges in U.S. District court in Camden yesterday in connection to his 2010 personal tax return and for structuring financial transactions in 2011 to avoid reporting requirements. His wife, Mary Bangle, 54, the daughter of former co-owners Frank and Kay Manco, pleaded guilty to making false statements to the IRS.
The couple was charged last year after the IRS accused them of underreporting income from their Jersey Shore pizza chain between 2007 and 2010. Manco & Manco, formerly Mack & Manco, has three locations on the Ocean City boardwalk and another in Somers Point and deals almost entirely in cash.
The restaurants are cash only and Charles Bangle admitted yesterday that he avoided paying $91,577 in taxes in 2010 and also admitted to making numerous cash deposits in 2011 under $10,000 to prevent his bank from reporting them to the U.S. Department of Treasury.
Mary Bangle admitted that she lied to IRS agents about financial transactions. Authorities allege the couple lived a lavish lifestyle, with trips to Paris and Hawaii and high-end purchases at spas and clothing stores.
The Bangles' attorneys, Rocco Cipparone Jr. and Vincent Sarubbi, released a joint statement after the guilty plea yesterday. Sarubbi, who represents Charles Bangle, said certain aspects of the government's case "remain in dispute, and will be resolved at the sentencing phase of this process."
"By resolving this stressful matter in this way, Chuck and Mary now can put this behind them, and will continue leading the positive, productive and community-minded lives they always have led," the attorneys said in a joint press release.
Sentencing is scheduled for Oct. 8.