Reagor Dykes Auto Group owner Bart Reagor was convicted today of lying to a bank about his company’s prospects, announced Acting U.S. Attorney for the Northern District of Texas Chad Meacham.

After 12 hours of deliberation, a federal jury found Bart Wade Reagor, 55, guilty of making false statements to a bank insured by the FDIC. Mr. Reagor, whose trial lasted four days, now faces up to 30 years in federal prison.

“Bart Reagor’s greed and insatiable need to flaunt his wealth led him to lie to a federally-insured bank and ultimately resulted in that bank suffering a loss of over $20 million dollars.” said Acting U.S. Attorney Chad Meacham. “He’s now bracing for a possibly decades-long sentence. The Department of Justice will not permit this kind of abuse of our nation’s financial institutions and the funds of its hard-working depositors.”

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