Bart Reagor’s Tentative Sentencing Date Has Been Set: February 24th, 2022
The tentative sentencing date for Bart Reagor, former co-owner of the now defunct Reagor-Dykes Auto Group, has been set for February 24th, 2022.
Reagor was found guilty of making a false statement to a bank on October 15th, 2021. It's said that he transferred around $1.7 million from a $10 million loan from IBC Bank in his own personal account. IBC says that they believed the loan would go solely towards Reagor's business, and the fact that he would use some of the loan for his personal benefit was omitted.
Reagor was found guilty of one count of making a false statement to a bank, and was found not guilty of two counts of Bank Fraud.
KAMC News reports that the court will consider many factors when determining Reagor's sentence, such as his criminal history and "any relevant statements he has made."
Reagor faces a maximum of 30 years in federal prison and a maximum fine of $1 million. He has been allowed to remain free until his sentencing as he was determined to not be a flight risk or a danger by the judge.
The aforementioned sentencing date is tentative, which means that it could be pushed back to a later date.
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