Michael G. Tangredi, the 19-year-old scion of the beleaguered restaurant family caught up in a long list legal troubles, has been arrested again, this time on additional charges of tax evasion.
Metro Police arrested Tangredi on Monday morning after an investigation by the Tennessee Department of Revenue determined he allegedly falsified information he provided the state about a 1991 Bentley. He was indicted Dec. 1 by a Davidson County grand jury.
According to the indictment, Tangredi allegedly falsified the purchase price of a 1991 Bentley that he registered with the Davidson County Clerk’s Office on July 30, 2008. He documented the purchase price of the car $19,375 less than the actual value, a move which saved $1,356 in taxes.
The charge is a Class E felony, and if convicted, Tangredi could face a maximum of two years in prison and a $3,000 fine.
In March, Tangredi was indicted on felony forgery and sales tax evasion charges.
The state claims Tangredi, in his role as CFO on M. Tangredi restaurants, presented a forged check to the Department of Revenue, claiming he had already paid sales tax due when he had not.
The charges are still pending.
In December 2008, American Express also filed suit against the Tangredis claiming the family used fraudulent accounts taken out in the name of a former employee to snake $1.14 million from the credit card company in just a few weeks. The company tried, unsuccessfully, to reverse the charges.
The legal issues eventually forced the family’s company, M. Tangredi Restaurants, into bankruptcy and closed the doors on three properties: Tangredi’s Italian Kitchen, Michael T’s, and T’s Tuscan Bar and Grill.