Bart Reagor indicted on bank fraud charge by federal grand jury
Staff reports
Reagor Dykes Auto Group owner Bart Reagor has been charged with lying about using business loans for personal expenses, accused of diverting more than $1.7 million to personal bank accounts after it had been loaned to the now defunct RDAG.
On Thursday, a federal grand jury indicted Reagor, 55, on two counts of bank fraud and one count of making false statements to a bank insured by the FDIC, Acting U.S. Attorney for the Northern District of Texas Prerak Shah announced in a news release.
He will make his initial appearance before U.S. Magistrate Judge Lee Ann Reno at 2 p.m. Monday in Amarillo federal court.