AMARILLO, Texas (KAMR/KCIT) – Officials with the prosecution are responding after Bart Reagor’s defense team made a motion earlier this month for Reagor to be acquitted, or for Reagor to receive a new trial.
This comes after a jury convicted the Reagor-Dykes Auto Group co-founder of one count of making false statements to a bank, and finding him not guilty on two counts of bank fraud during a week-long trial in October. During the trial, members of the prosecution’s counsel stated that Reagor has a “secret” plan of taking $1,766,277.77 out of a $10 million capital loan from the International Bank of Commerce (IBC) and used it for personal gain after officials told the bank that it was solely to be used for the growth of the auto group.
According to previous reports by MyHighPlains.com, officials with the defense referenced the unclear definition of “working capital” throughout the trial, stressing that the evidence presented by the prosecution was not enough to sustain Reagor’s conviction.
According to court documents filed Monday, the prosecution claims that the defense failed to “afford the proper deference and weight to the jury verdict,” stressing that the evidence presented at trial supported the jury’s ultimate verdict beyond a reasonable doubt.
Throughout the 10-page report, officials from the prosecution reference various pieces of evidence and portions of the trial which they claim support the ultimate conviction. This includes testimony from Steven Reinhart, the...
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