Bart Reagor reports to federal prison
Bart Reagor on Monday reported to a federal prison in Louisiana to begin serving his 14-year sentence.
Federal prison records online show Reagor, , the former CEO of the Reagor-Dykes Auto Group, is being held at the Oakdale unit, a low security federal correctional institution.
Reagor was convicted in October by a federal jury in Amarillo of one count of making a false statement to a bank. He also faced two counts of wire fraud but jurors acquitted him of the charge.
The verdict came after a five-day trial before U.S. District Judge Matthew Kacsmaryk during which jurors heard from from International Bank of Commerce president William Schonacher, who said he believed the $10 million loan would be used as working capital for RDAG. He said he would not have approved the loan had he known Reagor would be using portions of it for his personal use.
Records show Reagor diverted about $1.76 million of the loan into her personal bank account and used it for personal expenses.
Read more: https://www.lubbockonline.com/story/news/2022/05/10/bart-reagor-reports-federal-prison/9708706002/