A father and daughter who own a popular New Jersey fishing charter company have admitted to evading taxes by failing to report hundreds of thousands of dollars they took in from customers.

Federal prosecutors say 76-year-old William Bogan Sr. and 47-year-old Sharon Bogan each pleaded guilty Wednesday to income tax evasion. Both face up to five years in prison when they're sentenced Oct. 4.

The Bogans own and operate several party fishing and river-cruising boats based out of Brielle and Point Pleasant as part of Bogan's Deep Sea Fishing Center.

The pair admitted to keeping a large portion of their business income for personal use and not reporting the money on their personal income tax returns from 2004 through 2009.

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