CHICAGO | The owner of a Calumet City gas station who faces charges of defrauding Illinois of nearly $1 million in state taxes was unsuccessful Tuesday in his bid to get his bond reduced.
Samer T. Farhan, 32, of Palos Hills, was arrested earlier this month and had a cash bond set at $1 million – meaning he has to come up with 100 percent of the amount rather than the usual 10 percent required to post bail and be free while a criminal charge is pending.
Farhan has been unable to come up with that much money, which resulted in a hearing Tuesday at the Criminal Courts building in which he sought to have the bond total reduced to a level he could afford to post.
But the judge on Tuesday was not sympathetic, rejecting Farhan’s request, said Tandra Simonton, a spokeswoman for the Cook County state’s attorney’s office.
Farhan, who will remain at the Cook County Jail, is scheduled for his next court appearance April 16 before Judge Kenneth Wadas.
If at some point in the future Farhan is able to come up with $1 million, Simonton said the courts would first conduct a special hearing at which Farhan would be required to document where he got the money.
Farhan was arrested earlier this month following an investigation by the Illinois attorney general’s office, with cooperation from the Secret Service. He owns the Valero Gas station at 1812 E. Sibley Blvd. in Calumet City, in addition to a Citgo Gas station on Chicago’s West Side.
Prosecutors contend that between May 2008 and April 2011, Farhan allegedly under-reported sales at both stations to avoid paying up to $975,000 in state sales taxes.
He is charged with 28 counts of filing fraudulent sales and tax returns, two counts of mail fraud and five counts of money laundering.