Companies

Founder of bankrupt subprime auto lender Tricolor Holdings is charged with fraud

December 17, 2025

Daniel Chu, the founder and CEO of Tricolor Holdings, along with other executives, has been charged with fraud in connection with the company's bankruptcy. Federal authorities allege that from 2018, they orchestrated schemes to defraud investors and lending institutions, leading to significant financial losses.

Founder of bankrupt subprime auto lender Tricolor Holdings is charged with fraud

Credit: Abcnews

Key Highlights

Daniel Chu is the founder and CEO of Tricolor Holdings.
Chu and other executives were charged with fraud on December 17, 2025.
The fraud allegedly started in 2018 and involved misleading investors and lenders.
The indictment was unsealed in Manhattan federal court.
The company's bankruptcy was linked to the fraudulent activities.

US 6

Sources

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

Founder of bankrupt subprime auto lender Tricolor Holdings is charged with fraud

Key Highlights

Sources

Related Stories

Penny stock under Re 1 Dharan Infra-EPC his upper circuit; here's why

A person claiming to be a food delivery company 'whistleblower' fooled the internet with AI's help

India vice-captain Shreyas Iyer cleared by BCCI to play ODI series against New Zealand: Report