Get our free mobile app

Back in December of 2021, Bart Reagor asked to keep the $1.76 million that prosecutors want him to forfeit, and now, prosecutors have responded.

Back in October of 2021, the former co-owner of the Reagor-Dykes Auto Group was found guilty of making a false statement to a bank. A jury determined that Reagor knew that transferring $1.76 million from an IBC Bank loan into his own personal account was illegal, even though Reagor says otherwise.

Reagor argued 2 points in favor of him keeping the money:

  1. He said that prosecutors were only focused on proving he made a false statement to a bank but didn't provide proof of an exact amount he obtained from the crime
  2. He argued that since the maximum penalty for making a false statement to a bank was a $1 million fine, that making him forfeit $1.76 million was in violation of the Eighth Amendment

KAMC News reports that on Friday, January 14th, prosecutors responded by saying the $1.76 million was "exactly what [Reagor] wanted to obtain and actually did obtain from his crime, and he should not be able to retain any of it."

Prosecutors also detailed how the $1.76 million had been used to fund his, what they call, "expensive lifestyle."

Reagor is scheduled to be sentenced on March 10th, and faces a maximum penalty of 30 years in prison.

20 Texas Places We Have All Been Saying Completely Wrong

10 Things You Learn When You Move to Texas

Here are 10 things you will learn about Texas if you move here from another state.

More From Talk 103.9 & 1340