On Friday, the owners of the famed Ocean City pizza were sentenced on tax evasion charges said Paul FIshman, the U.S. Attorney for New Jersey.
One of the owners, Charles Bangle, plead guilty to tax evasion in regards to his 2010 tax returns. The statement mention Charles setting up transactions to avoid having to report income from his Ocean City pizza place. Charles was sentenced to 15 months in prison.
Mary Bangle, Charles’ wife, was sentenced to probation for the term of 3 years and was handed a fine of $3,000 after she admittedly lied to the IRS.
By failing to report almost $263,000 in income from the pizzeria they avoided paying $91,000 in taxes. Charles also admitted to making deposits of less than $10,000 to avoid reporting requirements.
The Bonnie in this story, Mary Bangle, admitted to lying about keeping only enough money to make payroll to their employees. In actuality, she kept money for her personal expenses. She also lied about the amount of funds she deposited into her personal account.
The Couple must pay back almost $250,000 in restitution along with a $5,000 fine. Charles begins his sentence in Septemeber of this year.