Tricolor Holdings founder Daniel Chu is set to go on trial in October on charges that he defrauded the used-car dealer’s banks and investors before the company collapsed last year.
Tricolor Holdings founder Daniel Chu is set to go on trial in October on charges that he defrauded the used-car dealer’s banks and investors before the company collapsed last year.
Daniel Chu, founder and chief executive officer of Tricolor Holdings, center, departs federal court in New York, US, on Tuesday, Jan. 13, 2026. US prosecutors charged the founder of bankrupt subprime auto lender Tricolor Holdings with conspiring to defraud lenders and investors, in a sweeping indictment of the leadership of a used car dealer and financing company that collapsed in a wave of scandal in September.
Anmelden
