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Compliance

Jury Orders Reagor to Pay Ford Credit $53M

Bart Reagor (above) and former Reagor Dykes Auto Group partner Rick Dykes have each agreed or been ordered to pay damages exceeding $50 million to Ford Motor Credit Co. - ABC7

A jury deliberated for less than an hour before deciding Reagor Dykes’ Bart Reagor owes Ford Motor Credit Co. the full amount it demanded following an investigation into the Texas group’s floorplanning practices.

Ky. Dealer Charged With Leading $4M Repurchase Fraud

Three Kentuckians stand accused of perpetrating a $4.3 million interstate fraud against an unnamed vehicle manufacturer by putting hundreds of trucks through a buyback program intended only for...

A federal grand jury has charged a Kentucky dealer and two alleged accomplices with defrauding a manufacturer — thought to be Toyota — of more than $4 million by running 350 used pickups through a consumer buyback program.