Walgreens robbery suspect bonds set at $15 million each

(WMC-TV) - Collierville Police say three men and a female accomplice held hostage 14 customers and five employees inside a Walgreens store during an attempted robbery Monday night.

All four were caught shortly after the crime and are now being held on bonds of $15 million.

"I have never seen a bond that high, personally," said Memphis attorney Gray Bartlett. "I've heard about it," he added.

Bartlett is a partner in the Ballin, Ballin and Fishman law firm and does not believe there's a chance any inmate could come up with 10 percent of the bond amount needed to get out of jail while awaiting trial.

"$15 million would certainly appear to be punitive in nature by shear virtue of the fact that that's out of reach of 99.9% of the population," said Bartlett.

Collierville municipal Judge William Craig Hall set the bonds at $15 million. However, we were told he could not discuss the reasons why the bond were set so high.

We've since learned Memphis Police suspect the same crew charged with hitting the Collierville Walgreens committed a similar crime last month at the Walgreens on Walnut Grove and Forest Hill Irene in Cordova.

"Well, I guess they won't be getting out," said one Collierville resident. "I don't have a problem with that."

Not surprisingly, many believe the bonds the judge "prescribed" were appropriate considering the alleged crime.

Motions can be made to try and reduce the bond amounts. But, at this point, the four suspects don't have attorneys.

Copyright 2012 WMC-TV. All rights reserved.