Published:
U.S. prosecutors on Wednesday charged Daniel Chu and other key executives at bankrupt subprime auto lender and used-car retailer Tricolor Holdings with what was described as “orchestrating a years-long financial crimes enterprise that defrauded multiple banks and other private credit providers.”
Chu, the founder and former CEO of privately held Tricolor Holdings, and the company’s former chief operating officer, David Goodgame, were also charged with bank-fraud and wire-fraud offenses. Chu and Goodgame were arrested Wednesday, the
indictment said.
