Reagor to forfeit more than $950K in fraud case
LUBBOCK -- Bart Reagor, the former CEO of Reagor-Dykes Auto Group, is no longer fighting the government's claim to nearly $1 million in his bank account that they are classifying as proceeds of his fraud.
Reagor's attorneys on Friday amended their response to the government's motion to seize $950,951.18 from his Prosperity Bank account, saying their client is no longer opposing the forfeiture of the money.
The filings were made ahead of a Feb. 22 forfeiture hearing.
"Given the law cited by the government in the Forfeiture Motion and given the verdict, there is no basis on which Defendant Reagor can oppose the Forfeiture Motion," the motion states.
On Monday, U.S. District Judge Matthew Kacsmaryk ordered Reagor to forfeit the money, according to court records.
Read more: https://www.lubbockonline.com/story/news/2022/02/16/bart-reagor-forfeits-more-than-1-million-federal-fraud-case/6818580001/
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