Tangredi pleads guilty to forgery, attempted tax evasion

Thursday, July 22, 2010 at 1:59am

Michael G. Tangredi pleaded guilty in Davidson County Criminal Court Wednesday on charges of forgery and attempting to evade taxes.

Tangredi, 20, must pay a $500 and was sentenced to probation on a three-year suspended sentence. A charge of attempted tax evasion was dismissed.

On another charge, in which Tangredi was accused of understating the value of a car, he pleaded guilty of attempted tax evasion of more than $500. For that, he must pay a $1,300 restitution — the difference in the understated value. He also picked up a two-year suspended sentence on that charge.

Tangredi was the chief financial officer of M. Tangredi Restaurants, which his father Michael D. Tangredi owned. That business included the restaurants Michael T’s, Tandgredi’s Italian Kitchen, and T’s Tuscan Bar and Grill.

A Davidson County grand jury indicted the younger Tangredi in March 2009.

M. Tangredi Restaurants filed for Chapter 11 bankruptcy in February 2009, and American Express sued the company in 2008 over $1.1 million in allegedly fraudulent credit card charges.

Tangredi’s attorney, David Hopkins, did not immediately return a call seeking comment.

 

7 Comments on this post:

By: dargent7 on 7/22/10 at 4:59

Is this serious? This is like a page out of the Sopranos.
These guys bilked AMEX out of thousands in a quasi-Ponzi scheme.
A $500. fine a 3 years "probation". For $1.1 million credit card fraud?
And AMEX is no dummy. Where's all that money?
Oh, and please pay off the car loan you stole. $1,300. for a Lamborgini?
Total bull**it.
Crime does pay in Tenn.

By: Bigguy on 7/22/10 at 6:21

dargent7 I'm in complete agreement with your comments. After reading this judgement there will many, in these - as Newschannel 5 humps on a daily bases - 'tough-times' , may see that the 'juice is indeed worth the squeeze'. :-)

By: global_citizen on 7/22/10 at 8:20

Maybe it wasn't such a good idea to make your teenage son the company CFO. This case will be memorialized in business textbooks for years to come.

By: tryst on 7/22/10 at 8:43

The Tangredi's treated customers horribly at T's Tuscan Grill. I guess we were just in the way since they were making their money in other ways. Never thought I would route for a credit card company but I do hope AmEx gets all they are due and more.

By: judyboodo@yahoo.com on 7/22/10 at 8:57

No,mon cherie, I know these guys, have had them give me two bad checks. I had to go collect the last one under threat of violence. When they hit town several years ago a lot of us wondered where all the money for the fancy cars came from. Bentley, Cadillac, Maserati, BMW they had 'em all. This was an opportunity for the justice system to stop this kind of shannagins, but I guess the D.A. didn't want to fool with a non violent crime. The son just learned from the father.Pity, he and his dad should be serving 11-29.

By: judyboodo@yahoo.com on 7/22/10 at 9:03

The Amex thing is something that I've never quite understood. How can a small restaurant firm run up such a large bill in such a short time? And how did they get that much cash?

By: tonySoprano on 7/24/10 at 9:34

Maybe the money was split with some big wig in the New York Amex office
and me Tony Soprano HA HA HA