Famous Jersey Shore Pizzeria Owners Arrested [UPDATED]
The owners of Manco & Manco's Pizzeria (formerly Mack & Manco's) have been arrested on federal tax evasion charges.
According to NBC Philadelphia,
"The U.S. Attorney's Office says Charles and Mary Bangle will appear in federal court in Camden on Thursday to face the charges."
The couple was arrested this morning at their Somers Point home. They own four Manco & Manco pizza shops along the Jersey Shore, three locations in Ocean City and one in Somers Point.
UPDATE: NBC Philadelphia just released some more information,
"In a 25-page indictment released Thursday, prosecutors lay out the case against the Bangles.
"Between 2007 and 2011, Charles and Mary Bangle skimmed large sums of cash from the business. Charles Bangle deposited significant amounts of that cash into their personal bank account at TD Bank in amounts less than $10,000, the amount which triggers a Currency Transaction Report from financial institutions to the U.S. Department of Treasury," said prosecutors in a press release.
"The Bangles then used the money to pay for personal expenditures. They concealed approximately $981,000 in income from the IRS, which they had a legal obligation to report on their personal income tax returns. Had they accurately reported all their income to the IRS, the Bangles would have owed an additional $336,273."
Yikes. I'm not too knowledgeable about this kind of thing, but I know this is pretty serious. I'll keep you posted with an other updates.