Ex-Tricolor CEO Denies Charges in Alleged $800 Million Scheme Involving Car Loans for Undocumented Immigrants
A former CEO has entered a not guilty plea regarding charges linked to an alleged conspiracy involving $800 million in subprime loans to undocumented immigrants. Daniel Chu, the ex-CEO of Tricolor Holdings, pleaded not guilty on Tuesday, as indicated by court records. As of December 2022, over 75% of the company’s clients were reportedly Hispanic […]