He was the first person to receive a criminal conviction since RDAG filed for bankruptcy and was sued by Ford Motor Credit in August of 2018. He faces up to 20 years in prison, probation and pay a restitution of more than $50 million. Smith pleaded guilty in 2019 to one count of wire fraud. 12, 2021 at the federal courthouse in Amarillo.įormer RDAG CFO Shane Smith is the first witness on the list to testify in the trial. If convicted, Reagor faces up to 90 years in federal prison, and will be required to forfeit any property traceable to the offense. The two remaining former employees are set to testify in the trial for Bart Reagor in October.Ī federal grand jury indicted Bart Wade Reagor, 55, on April 22, 2021, on two counts of bank fraud and one count of making false statement to a bank insured by the FDIC. LUBBOCK, Texas (KCBD) - Fifteen former Reagor-Dykes Auto Group employees pleaded guilty to various crimes involving “dummy flooring” and check kiting at the fallen auto giant.