PEORIA, Ill. – A Peoria gas station owner has been charged with defrauding the state of more than $420,000 in gasoline sales taxes.
Prakashbhai Patel, 33, was charged this week with 24 counts of filing fraudulent sales and use tax returns, two counts of mail fraud, two counts of wire fraud and two counts of computer fraud.
From January 2008 through July 2011 Patel allegedly under-reported sales at two Peoria gas stations he operated, a Marathon gas station at 3036 N. Knoxville Rd. and a Clark gas station at 3907 N. Sheridan Rd.
Madigan alleges, that during that time, Patel defrauded the state of $423,095.
Patel was released on a $600,000 bond. A status hearing was set for Aug. 8.