The owners of popular New Jersey restaurant chain Manco & Manco Pizza pleaded guilty Thursday to tax evasion, lying to IRS agents and structuring cash payments to avoid reporting requirements.
The announcement came from U.S. Attorney Paul J. Fishman on July 2, as Charles and Mary Bangle of Somers Point pleaded guilty in Camden federal court.
According to court documents, Charles handled day-to-day operations of the restaurant while Mary dealt with cash and payroll.
Charles Bangle admitted to underreporting his income on his 2010 U.S. individual income tax return. He avoided $91,577 in taxes according to the indictment.
Mary Bangle admitted that she was interviewed by IRS special agents in 2012 about her bank account. She lied and stated that she only kept enough cash to handle payroll and a few bills, when she was actualy keeping more for personal use. She also lied about cash deposits into her bank account.
Both are facing charges that carry sentences of up to five years in prison.
Attorneys for the couple said both had accepted responsibility for their actions. Vincent Sarubbi, an attorney representing Charles Bangle, said in an email that his client will dispute some of the government's factual contentions about the alleged conspiracy at the October sentencing hearing.
Mary Bangle's attorney, Rocco Cipparone, said in an email that federal sentencing guidelines recommend that she receive a sentence of probation.
Sentencing for both defendants is currently scheduled for October 8 of this year.