Restaurant CFO faces additional tax evasion charges - WKRN News 2

Restaurant CFO faces additional tax evasion charges

Posted:
Michael Tangredi Michael Tangredi

NASHVILLE, Tenn. – The chief financial officer for a local restaurant chain currently in bankruptcy has been indicted on additional tax evasion charges.

A Davidson County grand jury indicted 19-year-old Michael G. Tangredi last Tuesday, December 1, on one count of tax evasion, a Class E felony.

According to the indictment, Tangredi falsified the purchase price of a 1991 Bentley that he registered with the Davidson County Clerk's Office in July 2008.

Tangredi provided the clerk's office with documentation showing the purchase amount was nearly $20,000 less than the amount he actually paid, which caused him to pay less money in taxes.

If convicted, he faces two years in the state penitentiary and a fine of $3,000.

In March, a grand jury indicted Tangredi on felony charges of forgery and sales tax evasion after investigators said he presented a forged check, claiming he had already paid sales tax due when he had not.

Those charges, for which he faces a maximum six years behind bars and $8,000 in fines, are still pending. 

Tangredi is the CFO for M. Tangredi Restaurants.

The restaurants, which include Tangredi's Italian Kitchen on Elliston Place, are currently closed and the company is in bankruptcy.

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