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Top executives at subprime auto lender charged with fraud. Here’s how prosecutors say they misled banks to earn billions
Yahoo Finance· 2026-01-06 11:45
For years, Tricolor Holdings marketed itself as a solution for car buyers shut out of traditional auto loans. The company specialized in selling used vehicles to borrowers with poor or limited credit, primarily across the South and Southwest, offering financing where banks often wouldn’t. Behind that rapid growth, prosecutors now allege (1), was a sweeping fraud that deceived banks and investors, and helped the company raise billions before collapsing into bankruptcy. Must Read Federal prosecutors say ...