Bart Reagor Finally Did the Right Thing, Is It Almost Over?
Bart Reagor is finally giving prosecutors what they want: $1.76 million.
This whole situation has been going on for what feels like forever, and most of y'all probably know the details. However, for those that don't, I'll give you a rundown.
Back in July 2018, over 3 years ago, Ford Motor Credit accused the Reagor-Dykes Auto Group of running "the biggest case of fraud of its kind in U.S. history." Since then we've had guilty pleas from employees, back-and-forth accusations, trials, and, in my opinion, a whole lot of wasted time and effort.
Fifteen former employees, including Reagor-Dykes Chief Financial Officer Shane Smith, have pleaded guilty to their role in the fraud scheme (that Reagor claims all happened under his nose). Whether or not he knew about it or not doesn't really matter at this point, though.
Rick Dykes agreed to pay Ford over $58 million back in 2019 and has been pretty uninvolved in things since. But Bart Reagor? He's been fighting for his life the whole time.
It all came to a head when Reagor was found guilty of making a false statement to a bank in October 2021. Jurors believed that Reagor withdrawing $1.76 million from an IBC Bank loan and transferring it to his own account was illegal and that he knew it was illegal.
Since then, Reagor's been trying to hold onto the $1.76 million prosecutors want forfeited, attempting to get his guilty verdict overturned, lobbying for a retrial...he even hired a new lawyer just last week, but it all seems for naught.
Reagor's new attorney, John J.E. Markhamm, II, filed a document that said "there is no basis on which Defendant Reagor can oppose the Forfeiture Motion." Whether or not Reagor is actually throwing in the towel or if his attorney just thinks this is in his best interest is unclear right now, but I think it's a step in the right direction when it comes to just finishing this whole fiasco.
I can remember the day the news broke in 2018. It was wild. It's been wild ever since, but I think we're all just ready for Reagor to bite the bullet so we don't have to hear about this any more. Maybe he'll keep fighting to get a Not Guilty verdict all the way up until his sentencing date, which is March 10th.
Regardless, I feel a light can finally be seen at the end of this long and winding tunnel we've been in. It's taken a while and we've hit some roadblocks, but I think things are just about to be over.
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