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Another One Bites the Dust in Reagor-Dykes Fraud Sentencing

Shane Smith, the former chief financial officer for the Reagor Dykes Auto Group, and the individual who was called the “architect” and the “orchestrator” of the group’s extensive fraud scheme faced his own sentencing hearing Thursday afternoon in Amarillo Federal Court.

Smith was sentenced to 84 months in federal prison.

This comes after Smith pled guilty to one charge of conspiracy to commit wire fraud in June 2019. Smith was also sentenced to one year of supervised release and a requirement to jointly pay $59,590,198.82 as part of two restitutions with other sentenced employees. The funds will go to the Ford Motor Credit Company as well as FirstBank and Trust, the International Bank of Commerce, and Vista Bank.

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