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On Tuesday, September 21st, 2021, the U.S. District Court for the Northern District of Texas denied Bart Reagor’s request to dismiss indictment charges against him. The court decided the charges of bank fraud and making false statements to a bank would remain.

Reagor filed for the dismissal a week earlier on Tuesday, September 14th, claiming he did not have enough time to build a proper defense against what he was being prosecuted for. The court rejected the request saying the claims were inaccurate.

Court records say Reagor is charged with bank fraud due to the government claiming that he used a bank loan for personal expenses. Totaling up all the money authorities allege Reagor wired to his personal accounts, is nearly $3.5 million. If convicted, Reagor faces up to 90 years in prison.

Several employees of the Reagor-Dykes Auto Group have pleaded guilty to various crimes involving check kiting and dummy flooring, which is essentially false paperwork filed for vehicles sold out of trust, making it appear like a vehicle was sold when in reality it wasn't.

The former Chief Financial Officer for Reagor-Dykes, Shane Andrew Smith, as well as the legal compliance director, Steven Reinhard, are awaiting sentencing. They are both expected to testify against Reagor in court.

The trial date is scheduled for October 12th, 2021.

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