Sentencing Postponed In Manco And Manco Tax Evasion Case

Ocean City, NJ -- The sentencing for the Manco and Manco owners who previously pleaded guilty to tax evasion has been delayed for a fifth time, the Ocean City Gazette reports.

Charles and Mary Bangle were scheduled to be sentenced on Oct. 13, but those sentencings were canceled and no new date was given, according to the report. There was also no reason given for the postponement.

Charles Bangle, 55, of Somers Point, previously pleaded guilty to a count of evading taxes with respect to his 2010 personal tax returns and a count of structuring financial transactions in 2011 to avoid reporting requirements.

His wife, 54-year-old Mary Bangle, pleaded guilty to a count of knowingly making materially false statements to IRS special agents.

They were originally indicted on 30 counts of tax evasion, 27 of which were to be dismissed as part of the plea deal. Four of those counts were for tax evasion, and 23 were for alleging false statements and structuring bank deposits.

Between 2007 and 2011, the Bangles admitted they skimmed large sums of cash from the popular pizzeria on the Ocean City Boardwalk.

Charles Bangle admitted to substantially underreporting his income on his 2010 U.S. individual income tax return, specifically, failing to report additional taxable income that he deposited in cash into his bank account during that year.

By only reporting $127,955 in 2010 and omitting an additional $263,113 in taxable income, Charles Bangle avoided $91,577 in taxes.

Charles Bangle deposited significant amounts of that cash into their personal bank account at TD Bank in amounts less than $10,000 in order to avoid triggering a Currency Transaction Report from financial institutions to the U.S. Department of Treasury.

Mary Bangle admitted that she lied to IRS special agents who asked her about her personal bank account on May 30, 2012. She claimed that when cash receipts came into the business, she only retained enough to pay that week’s payroll and some bills, when in fact she retained cash receipts for her personal use.

She also lied to agents about the amount of cash deposited into her personal bank account, which was substantially more that the net pay listed on her W-2 forms issued by Manco and Manco Pizza.

Over the summer, Manco and Manco announced it was moving its flagship location to the old Strand movie theater on the boardwalk this spring.

The 9th Street location is closing and moving to the theater, but the 8th and 12th street locations will stay put.
The proposed move will go before the Ocean City Planning Board during a special meeting on Tuesday night, Oct. 18, the city said on Wednesday.