Charles and Mary Bangle, owners of a popular pizza restaurant chain, who reside in Ocean City, NJ, both pled guilty to tax evasion. Charles pled guilty to structuring transactions to avoid reporting requirements to his 2010 personal tax returns. His wife, Mary Bangle, pled guilty to knowingly making false statements to IRS special agents.
Charles Bangle admitted in court to failing to report income he deposited in cash in his personal bank account. On his 2010 tax return, he listed his income as $127,955 and omitted additional income of $263,113, thereby avoiding an additional $91,577 in taxes. Bangle also admitted to making cash deposits of in increments of less than $10,000 to prevent the bank reporting the deposits to U.S. Department of Treasury (known as structuring).
In court, Mary Bangle admitted she lied to special agents of the amount of cash she deposited into her personal bank account.
Charles Bangle was sentenced to 15 months in federal prison, three years supervised release and ordered to pay $248,560 in restitution and fined $5,000. Mary Bangle was sentenced to three years probation and fined $3,000.