Texas Car Dealer Convicted in Federal Court

(WBAP/KLIF) — A Texas car dealer is convicted in Federal Court. The owner Reagor-Dykes Auto Group was convicted, Friday, after depositing $2.7 million into his personal accounts.

The federal jury handed down the conviction, Friday, as 55 year old Bart Reagor was found guilty of making false statements to a federally-insured bank. The Lubbock-based car dealer promised to invest $10-million in bank loans, but deposited almost $3-million of the money into his personal account.

According to the Fort Worth Star Telegram, the jury stopped short of convicting the troubled car dealer of fraud. A sentencing date has not been set.

Listen to WBAP/KLIF report:

(Copyright 2021 WBAP/KLIF Newsroom News. All rights reserved. Contains material from the Fort Worth Star Telegram.)

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