Eighth Reagor Dykes Defendant Pleads Guilty to Wire Fraud Conspiracy
An eighth defendant in the Reagor Dykes Auto Group fraud case has pleaded guilty, announced U.S. Attorney for the Northern District of Texas Erin Nealy Cox.
Brad William Fansler, 41, an RDAG Group Administrative Director, pleaded guilty to conspiracy to commit wire fraud before Magistrate Jude Lee Ann Reno in Amarillo Monday morning.
In plea papers, Mr. Fansler admitted that the auto group routinely sold vehicles “out of trust” – meaning that they failed to repay lenders within seven days of selling the vehicle financed by that lender.
Just before the lender conducted audits, Mr. Fansler admitted, the auto group would create what they called “dummy shucks,” falsifying vehicles sales dates on official paperwork to make it appear as though the vehicle had sold within the prior seven days and was not yet out of trust.
Read more: https://www.justice.gov/usao-ndtx/pr/eighth-reagor-dykes-defendant-pleads-guilty-wire-fraud-conspiracy