Texas officials are offering a massive reward for information that leads to the arrest of a man accused of killing a prominent South Texas businessman.

Governor Greg Abbott announced that the state is offering up to $30,000 for tips that help authorities locate Reynaldo Mata-Rios, who is wanted for murder in connection with the death of businessman and state appointee Eddy Betancourt.

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Suspect Wanted in Deadly Shooting

Authorities say Betancourt was found fatally shot on December 27, 2025, at a business located on North Ware Road in McAllen, Texas. Police responding to the scene discovered him with a gunshot wound to the upper torso.

Investigators quickly identified 60-year-old Reynaldo Mata-Rios as the suspect. A warrant for murder was issued the following day by a McAllen Municipal Court judge.

Betancourt was a well-known figure in the Rio Grande Valley and served as vice chairman of the Hidalgo County Appraisal District board. He had also been appointed by the governor to serve on the Texas Facilities Commission.

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Suspect Believed to Have Fled to Mexico

Investigators believe Mata-Rios fled the United States shortly after the shooting. Authorities say he was last seen crossing the U.S.-Mexico border in a red pickup truck on December 28.

Police have warned that Mata-Rios should be considered armed and dangerous.

The Texas Department of Public Safety has since added him to the Texas 10 Most Wanted Fugitives list, and the governor’s office is urging anyone with information to come forward.

How to Submit a Tip

Authorities say tips that lead to an arrest could earn up to $30,000 in reward money. Anyone with information can contact Texas Crime Stoppers at 1-800-252-TIPS or submit an anonymous tip online.

Officials stress that members of the public should not attempt to approach or apprehend the suspect themselves.

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Gallery Credit: Renee Raven