The owners of a New Jersey shore institution will go before a judge tomorrow. Charles “Chuck” Bangle and his wife Mary Bangle will be arraigned on tax evasion charges Monday.
Authorities say they skimmed money from 2007 until 2011 and concealed nearly $1 million from the IRS. Charles, 54, and Mary, 53, were arrested at their Somers Point home. They’ve been out on bail since their arrest earlier this month.
The couple owns the four popular Manco and Manco pizza shops. Three of the locations are on the Ocean City Boardwalk and are sites of ritual meals for visitors and politicians making campaign stops.
The shops had been known as Mack and Manco until they dropped the “Mack” name in 2011 in recognition that the founding families had split long ago. The Bangles worked at the shops before becoming owners in 2011.
Both Bangles face one count of conspiracy to evade income taxes, five counts of income tax evasion and one count of making false statements to the IRS, according to federal prosecutors. Charles Bangle also faces 23 counts structuring transactions to avoid reporting.
In a 25-page indictment, 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.
Prosecutors said that during that time Charles handled day-to-day operations of the business while Mary took care of handling cash and payroll.
“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.”
This story first appeared on NBC10, which is a content partner with NewsWorks.org