Federal judge denies Bart Reagor's motion for continued release
An Amarillo federal judge this week denied Bart Reagor's continued release on bond, saying the former auto group CEO failed to show that his appeal raised an issue that could cast doubt on his conviction.
Reagor, the former CEO of the Reagor-Dykes Auto Group, was sentenced in March to 14 years in prison after a jury in October convicted him of one count of making a false statement to a bank. However, they acquitted him of two counts of wire fraud.
The verdict came after two-days of deliberation, during which the court issued as Allen Charge to encourage jurors, who said they were deadlocked, to come up with a verdict.
Reagor faced up to 30 years in prison after a federal jury in October found him guilty of making a false statement to a bank, finding that he fraudulently obtained a $10 million business loan in 2017 for his auto dealerships from Oklahoma-based International Bank of Commerce.
Read more: https://www.lubbockonline.com/story/news/courts/2022/04/28/federal-judge-denies-bart-reagors-motion-continued-release/9574947002/
Reagor received a 14 year sentence for making the false statement to IBC. He is trying to remain on continued release since he was diagnosed with Parkinson's disease in 2020.
And in related news... 
Reagor’s wife sues bank, seeks up to $22.3 million
LUBBOCK, Texas — Annette Reagor, wife of Bart Reagor, filed a lawsuit against FirstCapital Bank of Texas on April 22. The lawsuit asked for at least $2.3 million and up to $22.3 million in damages from the bank.
The lawsuit, filed in the 97th Judicial District of Texas, claimed that FirstCapital defrauded the Reagor’s. Specifically, the lawsuit claimed the Reagor’s pledged $2.3 million in assets to FirstCapital in August 2018 for financing.
“Unbeknownst to the dazed Mr. Reagor, however, FirstCapital’s promise of refinancing was knowingly false and merely a ‘money-grab’ by the greedy Defendant,” the lawsuit said.
The lawsuit said FirstCapital also worked with former Reagor Dykes Auto Group CFO Shane Smith to defraud the Reagor’s. Smith was sentenced to seven years in prison in January 2022 after pleading guilty to conspiracy to commit wire fraud.
Read more: https://www.everythinglubbock.com/news/local-news/reagors-wife-sues-bank-seeks-up-to-22-3-million/
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