Bart Reagor makes first appearance in Amarillo federal court since being indicted
In an Amarillo courtroom filled with about 15 family and friends, former Reagor Dykes Auto Group owner Bart Reagor appeared in federal court Monday after a federal grand jury indicted him last week.
Reagor was indicted Thursday on two counts of bank fraud and one count of making false statements to a bank insured by the Federal Deposit Insurance Corporation (FDIC). Reagor, accompanied by his lawyer and his legal team, waived the arraignment during Monday’s proceedings and was released on a personal recognizance bond, but with travel restrictions.
Reagor was charged with lying about using business loans for personal expenses, as well as diverting more than $1.7 million to personal bank accounts after it was initially loaned to the auto group, which filed for bankruptcy in August 2018. The company, while based out of Lubbock, had locations in Amarillo, Plainview, Floydada, Snyder and elsewhere in West Texas.
If convicted, Reagor faces up to 90 years in federal prison, and will be required to forfeit any property traceable to the alleged offense, according to previous reports. This comes after 15 of Reagor’s former employees pled guilty to various crimes at the auto group, including dummy floor planning and check kiting.
Read more: https://www.lubbockonline.com/story/news/2021/04/26/bart-reagor-makes-first-appearance-amarillo-federal-court-since-being-indicted/7381245002/
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