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12/19/2025
Fraud charges follow subprime auto lender Tricolor Holdings collapse
ABC News
Federal prosecutors in New York unsealed criminal charges Wednesday in connection with the collapse of subprime auto lender and used car retailer Tricolor Holdings, which went bankrupt earlier this year.
Founder and CEO Daniel Chu, COO Daniel Goodgame, and former Tricolor executives Jerome Kollar and Ameryn Seibold, were charged with conspiracy, bank fraud and running a continuing financial crimes enterprise, according to the indictment from the U.S. Attorney's Office for the Southern District of New York.
Kollar and Seibold have pleaded guilty to fraud and are cooperating with the government, according to prosecutors.
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