John Gaeta, owner and operator of Big Slice Pizza on the Ocean City Boardwalk, pleaded guilty Monday to one count of filing false income tax returns in U.S. District Court in New Jersey, according to court documents.
The government said Gaeta, a Cherry Hill, Camden County, resident, filed returns that omitted income from Big Slice Pizza for the tax years 2012 and 2013.
Gaeta said his wife was the owner of Big Slice Pizza, and he caused his wife to report the pizzeria’s income and expenses on her income tax returns, according to court documents.
The government said Gaeta did not include about $683,551 in taxable income he received from Big Slice Pizza.
“By failing to report this income, defendant Gaeta failed to pay $85,522 in additional federal income taxes to the United States,” court documents state.
Gaeta accepted a plea agreement in which he admitted to one count of filing false tax returns. His bail was set at $100,000. He is scheduled to be sentenced at 1:30 p.m. Feb. 2.
By accepting the plea deal and complying with all of its terms, no charges will be filed against Rosemarie Thomas Gaeta and Joseph Thomas for filing false income tax returns for tax years 2011 through 2013, according to the plea agreement.
The violation to which Gaeta pleaded guilty carries a statutory maximum prison sentence of three years and a fine of at least $100,000, according to the plea agreement.
In February, Charles and Mary Bangle, owners of Manco and Manco Pizza in Ocean City and Somers Point, were sentenced for tax evasion, Charles to 15 months in prison, Mary to three years’ probation.
Charles Bangle, 57, of Somers Point and his wife, Mary, 56, pleaded guilty in 2015 to tax evasion in 2010, structuring cash transactions in 2011 and lying to the IRS. Charles Bangle was sentenced to 15 months in prison, followed by three years of supervised release, while Mary Bangle received three years’ probation.