The owners of the popular Manco & Manco pizza restaurants at the New Jersey shore were arrested April 3 and charged with evading nearly $1 million in income taxes from 20007 to 2011.
Charles Bangle, 54, and his wife, Mary, 53, taken into custody at their Somers Point home, face 30 counts that include conspiracy to evade income taxes and making false statements to the IRS. Bangle also was charged with structuring financial transactions to avoid reporting requirements.
Known as Mack & Manco until 2011, the three restaurants on the Boardwalk in Ocean City and a fourth in the Ocean Heights Shopping Center in Somers Point have been favorites of families vacationing at the Jersey shore since 1956 when Mary's parents, Frank and Kay Manco, opened their first pizza restaurant in Ocean City.
According to the indictment unsealed April 3, Charles and Mary Bangle were employees of Mack & Manco until they purchased a controlling interest in 2011. Bangle handled the day-to-day operations while his wife was responsible for cash and payroll. The indictment alleges the Bangles skimmed large sums of cash from the business for five years and concealed about $981,000 in income from the IRS, which they used for personal expenses. Had the stolen money been reported, it's alleged that the Bangles would have owed an additional $336,273 in taxes.
In their appearance in federal court in Camden, U.S.Magistrate Judge Ann Marie Donio ordered Charles Bangle to give up a weapons collection that includes 12 handguns, two shotguns and two rifles.