![Former Reagor-Dykes CFO To Be Sentenced for Financial Fraud](http://townsquare.media/site/192/files/2019/06/ShaneSmith_RDAGWebsite_2013.png?w=980&q=75)
Former Reagor-Dykes CFO To Be Sentenced for Financial Fraud
A high-profile former employee of the Reagor-Dykes Auto Group is scheduled to be sentenced Tuesday, Jan. 7, at a federal court in Amarillo.
In 2019, Shane Smith pleaded guilty to one count of wire fraud in connection with a check kiting and floor-plan fraud scheme.
The scheme defrauded Ford Motor Credit out of millions of dollars, plus a number of banks in which the Reagor-Dykes Auto Group conducted business with.
After discovering evidence of financial fraud in July of 2018, Ford Motor Credit sued the Reagor-Dykes Auto Group and the company has been in the bankruptcy process ever since.
Smith is the former CFO of the Reagor-Dykes Auto Group and at least eight other co-workers have pleaded guilty to federal fraud charges as well.
Smith faces up to 20 years in prison and has already been ordered to pay restitution of more than $50 million dollars thanks to a plea deal Smith agreed to in June of last year.
More From Talk 103.9 & 1340
![Old Reagor-Dykes Lot in Lubbock, Texas Finds New Tenant](http://townsquare.media/site/157/files/2022/07/attachment-IMG_3107.jpg?w=980&q=75)
![Bart Reagor’s Family Speaks Out as He Reports to Jail: It’s a ‘100 Percent Wrongful Conviction’](http://townsquare.media/site/190/files/2019/03/BartReagor.jpg?w=980&q=75)
![Now Bart Reagor’s Wife Is Suing FirstCapital Bank for $22 Million](http://townsquare.media/site/157/files/2022/04/attachment-Annette-and-Bart.jpg?w=980&q=75)
![Here Are 5 Fun Things That Bart Reagor Can Do in Lubbock Before He Goes to Jail](http://townsquare.media/site/190/files/2022/04/attachment-Reagor-at-Joyland-2.jpg?w=980&q=75)
![Following Sentencing, Bart Reagor Officially Files Appeal](http://townsquare.media/site/192/files/2021/11/attachment-bartReagorOusideCourt1280_03.jpg?w=980&q=75)
![Bart Reagor Receives 14-Year Prison Sentence: Watch Him Leave Court](http://townsquare.media/site/192/files/2021/11/attachment-bartReagorOusideCourt1280_03.jpg?w=980&q=75)
![One Month Out From Sentencing, Bart Reagor Hires New Attorneys](http://townsquare.media/site/192/files/2022/02/attachment-Reagor-and-Markham.jpg?w=980&q=75)
![Former Reagor-Dykes CFO Shane Smith Receives 7-Year Prison Sentence](http://townsquare.media/site/192/files/2019/06/shaneSmith720_1536761715385_55101820_ver1.0.jpg?w=980&q=75)
![Prosecutors Explain Why They Want Bart Reagor to Forfeit $1.76M](http://townsquare.media/site/192/files/2021/10/attachment-Bart-Reagor-EverythingLubbock-Screenshot.jpg?w=980&q=75)