12 former Reagor-Dykes employees sentenced to prison, ordered to pay restitution
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LUBBOCK, Texas (KCBD) - Twelve of the 15 former Reagor-Dykes Auto Group employees have now been sentenced to serve time in prison and are required to pay restitution monthly.
The latest, Ashley Nicole Dunn, was sentenced on May 25 to 30 months in federal prison and ordered to pay $19,335,901.10 in restitution; she is to self-report on July 12, 2021.
On April 22, 2021, Bart Reagor, 55, was indicted by a federal grand jury on charges of bank fraud. If convicted, he faces up to 90 years in federal prison, and will be required to forfeit any property traceable to the offense.
Six former Reagor Dykes Auto Group employees were sentenced Tuesday to federal prison for their roles in a massive fraud scheme aimed at cheating the company s creditors out of millions of dollars.
Pepper Laray Rickman, Brad Fansler, Wesley Neel, Sherri Wood, Diana Urias and Sheila Miller, appeared with their attorneys before U.S. District Judge Matthew J. Kacsmaryk in Amarillo for back-to-back sentencing hearings that began about 9 a.m. and ended about 6 p.m.
Two more former employees are due in court for sentencing Thursday.
All six defendants sentenced on Tuesday entered guilty pleas months before the sentencing hearing. Miller and Urias pleaded guilty to a count of conspiracy to commit bank fraud and the other four pleaded guilty to counts of conspiracy to commit wire fraud.
Sentencings for former Reagor-Dykes Auto Group employees set to begin Tuesday Reagor-Dykes Auto Group logo (Source: (KCBD)) By Amber Stegall | May 3, 2021 at 5:06 PM CDT - Updated May 3 at 5:28 PM
LUBBOCK, Texas (KCBD) - Fifteen former Reagor-Dykes Auto Group employees have pleaded guilty to various crimes involving âdummy flooringâ and check kitting at the fallen auto giant. The first sentencings are set to happen on May 4, 2021 in Amarillo. The last will happen on July 27, 2021.
On April 22, 2021, Bart Reagor, 55, was indicted by a federal grand jury on charges of bank fraud. If convicted, he faces up to 90 years in federal prison, and will be required to forfeit any property traceable to the offense.
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On Tuesday, May 4th, 6 former Reagor-Dykes Auto Group employees were sentenced for their roles in a fraud scheme that led to the eventual bankruptcy of the company in 2018.
15 former employees so far have pleaded guilty to various crimes involving a check kiting scheme. Bart Reagor himself was even sentenced on charges of bank fraud on April 22nd. He has pleaded not guilty to those charges.
KAMC News reports that Sherri Wood, Pepper Rickman, Brad Fansler, Wesley Neel, Sheila Miller, and Diana Urias all pleaded guilty to charges of conspiracy to commit wire fraud. Wood, Rickman, Fansler and Miller must voluntarily surrender on June 18th, 2021. Neel will have to report the day after, June 19th.
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.