The son of a troubled former Nashville restaurateur was indicted on multiple charges of wire fraud and money laundering in the U.S. District Court in Nashville on Wednesday.
Michael G. Tangredi is charged with allegedly using an employee’s name to defraud American Express out of $1 million. American Express sued Tangredi in 2008, around the same time that multiple Italian restaurants owned by Michael D. Tangredi family closed.
AmEx was awarded a $1.14 million judgment in 2010.
The indictment claims that Tangredi caused millions of dollars in charges to be placed on a credit card that was in a female employee’s name. The money was used to invest in restaurants — one was known as “Bada Bing Kihei” — as far away as Hawaii and for the purchase of a Maserati.
The charges, which also include aggravated identity theft and access device fraud, carry a maximum of 57 years in prison, according to federal court documents, which can be found here.
Tangredi, now 23, was the chief financial officer of the family restaurant business at 18. He has a long list of legal troubles, including tax evasion charges and bankruptcy.
|Michael G Tangredi 2013 indictment.pdf||1.02 MB|