The former co-owner of the bankrupt Reagor-Dykes Auto Group will go on trial for fraud this week.
Bart Reagor will face a judge and jury, accused of illegally moving and using money from a federally insured loan.
His trial is set to begin Tuesday and prosecutors will be trying to prove he used nearly $2 million out of a $10 million note with the International Bank of Commerce. That would violate the loan agreement.
The Justice Department intends to show Reagor knew what he was doing, and by not disclosing what he was using the money for, defrauded the bank.
His former partner, Rick Dykes is expected to take the stand to testify.
Stury By: Chuck Williams