Ashley Dunn, the former executive assistant to the Reagor Dykes’ Auto Group’s chief financial officer Shane Smith, was sentenced in Amarillo Federal Court Tuesday morning for her role in the check-kiting scheme based out of the auto group’s headquarters in Lubbock.
Dunn originally pled guilty to the offense in December 2019.
Dunn was sentenced to 30 months in prison and one year of supervised release on one count of conspiracy to commit bank fraud. Dunn was also ordered to pay into restitution of $19,335,901.10 with Smith, who is scheduled to be sentenced July 27, as well as the following individuals, who have already been sentenced:
Bart Reagor waives arraignment in federal court for bank fraud charges, released on bond
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Bart Reagor scheduled to appear in federal court for bank fraud charges
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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.