Tricolor execs charged with ‘systematic fraud’ after subprime auto lender roiled banking sector
A Tricolor dealership in Mesa, Arizona, US, on Wednesday, Sept. 24, 2025. Mark Felix | Bloomberg | Getty Images U.S. prosecutors charged top executives of bankrupt subprime auto lender Tricolor Holdings with what they described as a years-long, “systematic fraud” scheme that sent shockwaves through the banking sector earlier this year. In an indictment unsealed…
