Feds: Manco and Manco pizzeria owners lived lavish lifestyles
Federal prosecutors claim the owners of a chain of landmark Jersey shore pizza places used money they allegedly hid from the government to maintain a lavish lifestyle, according to court documents filed in the case.
Manco and Manco owners Charles and Mary Bangle are accused of skimming $981,459 from their three Ocean City Boardwalk stores over a five-year period and of failing to pay $336,273 in taxes.
The government claims the couple took the money from the strictly cash business, which generates in excess of $4.5 million a year. The couple maintains their innocence, and their lawyers are seeking the dismissal of most of the charges included in a 30-count indictment handed up last year.
Citing court documents, The Press of Atlantic City reports that federal investigators traced $770,000 of the unreported funds to credit card charges for personal living expenses.
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