CAMDEN, N.J. (CBS) — Another pizzeria owner on the Ocean City boardwalk has admitted to concealing hundreds of thousands of dollars in income from the feds.
Fifty-four-year old John Gaeta of Cherry Hill has pleaded guilty to a single count of filing false income tax returns for 2012 and 2013, hiding $683,000 of income from his Big Slice Pizza business. That allowed him to avoid about $85,000 in federal taxes over the period.
“The count of filing a false income tax return has a maximum statutory sentence of three years in prison,” said IRS Special Agent Robert Glantz.
Judge Noel Hillman will have a lot of leeway on that.
Gaeta’s attorney, Ed Borden, said his client “made a mistake, he regrets it and he’s doing everything he can to make it right.”
Gaeta’s sentencing is scheduled for February 2, 2018.
Manco and Manco owner Charles Bangle is doing 15 months in prison on a similar case. Glantz insists the two instances are coincidence, and nothing more.