Owner of famed Ocean City pizza chain gets prison for tax evasion

CAMDEN-- A married couple who owned a popular pizzeria chain were sentenced Friday on tax evasion-related charges, U.S. Attorney for New Jersey Paul Fishman said. Charles Bangle, 57, of Somers Point, previously pleaded guilty to evading taxes related...

Owner of famed Ocean City pizza chain gets prison for tax evasion

CAMDEN-- A married couple who owned a popular pizzeria chain were sentenced Friday on tax evasion-related charges, U.S. Attorney for New Jersey Paul Fishman said.

Charles Bangle, 57, of Somers Point, previously pleaded guilty to evading taxes related to his 2010 return and structuring transactions to avoid reporting requirements in 2011. He was sentenced to 15 months in prison.

Pizza chain owners charged with tax evasion 

Mary Bangle, 56, was sentenced to three years probation and was fined $3,000 after admitting she lied to IRS agents.

In 2011, the couple bought a controlling interest in Manco & Manco Pizza, which had previously been known as Mack & Manco. The chain consists of three stores on the Boardwalk in Ocean City and a location in Somers Point. Charles Bangle ran day-to-day operations and Mary Bangle handled the cash and payroll.

Charles Bangle failed to report $263,113 in income, avoiding more than $91,000 in taxes. He also admitted making cash deposits of less than $10,000 in February 2011 to avoid federal reporting requirements.

Mary Bangle admitted she lied when she told IRS agents in May 2012 that cash receipts came into the business she only kept enough to meet payroll and other expenses when she was actually using some money for personal expenses. She also lied about the amount of money she deposited into her personal bank account.

Charles Bangle must pay restitution of $248,560 in addition to his prison term and also pay a $5,000 fine. He begins his sentence in September.

Paul Milo may be reached at pmilo@njadvancemedia.com. Follow him on Twitter@PaulMilo2. Find NJ.com on Facebook.

 

 

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