Shane Smith listed as witness in Bart Reagor bank fraud trial
Two former employees awaiting sentencing for their roles in a million-dollar fraud scheme that led to the collapse of Reagor Dykes Auto Group are expected to testify against the dealership's CEO at his bank fraud trial in October.
Shane Smith, the former RDAG CFO, and Steven Reinhart, the former Legal and Compliance Director for RDAG, are listed as potential witnesses in the Oct. 12 trial of Bart Reagor in federal court in Amarillo.
Reagor is accused of diverting more than $1.7 million of a $10 million loan from International Bank of Commerce to his personal bank accounts for personal expenses.
IBC distributed the loan in two $5 million installments in 2017 and 2018 to D and R Acquisitions, LLC, an informal holding company associated with RDAG.
The indictment alleges that from in July 2017, Reagor deposited more than $766,000 from the IBC loan to his personal account at Prosperity Bank. And in February 2018, he allegedly deposited $1 million from the loan to his personal bank accounts.
Read more: https://www.lubbockonline.com/story/news/courts/2021/09/19/shane-smith-listed-witness-bart-reagor-bank-fraud-trial/8385947002/