On Top of Prison Time, Prosecutors Want Bart Reagor to Forfeit $1.7 Million
On Tuesday, November 2nd, prosecutors filed a motion saying that on top of serving time in prison, they also wanted Bart Reagor to forfeit over $1.7 million.
Back in October, the former co-owner of the Reagor-Dykes Auto Group was found guilty of making a false statement to a bank. He was, however, found not guilty on two counts of bank fraud.
Reagor alleged that the transfer of $1.76 million from an IBC Bank loan into his own account was perfectly legal, but it was revealed that how the loan money would be used was not disclosed to the bank.
KAMC News reports that back in 2018, the FBI seized around $950,000 from Reagor's account. Prosecutors want that money to be included as part of the $1.7 million they want Reagor to forfeit.
This all comes days after a judge denied the motion filed by Reagor's defense team to interview the jury that convicted him. It was alleged that the jury was possibly influenced by prior knowledge of the case or was led to make a guilty verdict. The motion was denied since the issue wasn't brought to the court's attention until after the conviction, Reagor's team also failed to meet the required evidentiary threshold to interview the jurors post-verdict.
Reagor recently proclaimed his innocence in a lengthy post on his Facebook page, citing a passage from The Bible.
Reagor's tentative sentencing date has been set for February 24th, 2022, where he will face a maximum of 30 years in prison.