Subprime Auto Lender CEO Charged for Double-Counting Collateral That Led to $1B Collapse
- Posted on December 22, 2025
- By International Business Times
- 2 Views
Subprime Auto Lender CEO Charged for Double-Counting Collateral That Led to $1B Collapse
Charges reveal that Tricolor held $1.4 billion in real collateral but pledged $2.2 billion to creditors, leading to a $1 billion collapse amid allegations of fraud.
