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Tricolor's founder compared the auto lender to Enron in private call: Feds

Tricolor
Business Insider Fews App News Provider
Fews App Post Time 17h ago

A scene outside of Enron's offices following its 2001 bankruptcyJames Nielsen/Getty ImagesOn Wednesday, Manhattan federal prosecutors unsealed an indictment against two Tricolor executives. Founder Daniel Chu and COO David Goodgame were charged with "systematically defrauding" lenders. Tricolor's collapse left banks exposed to hundreds of millions in loan losses.

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