Second Ocean City Pizza Shop Owner Admits To Being Tax Cheat

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.

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"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."

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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.