A New Jersey man who owned four gas stations in Peoria, Il, Adnan Rashid, was sentenced in March 2017 on charges of mail fraud and tax evasion.
Rashid had previously pled guilty and admitted that he grossly underreported his sales at the four stations on his federal corporate tax returns and the Illinois sales and use tax returns. Rashid admitted to altering the stations’ gross receipt data before providing the information to his accountant. Information was shown in court that he had over $41 million in unreported gross receipts and $1 million in unreported personal income.
The judge in the U.S. District Court sentenced Rashid to serve 21 months in federal prison and pay $1.28 million in restitution to the State of Illinois and $206,573 to the IRS.
