Trustee Uncovers 'Pervasive Fraud' in Startup Tricolor, Probes Ongoing

David Isong
David IsongStartup9 months ago1 minute read
Trustee Uncovers 'Pervasive Fraud' in Startup Tricolor, Probes Ongoing

Tricolor Holdings, a subprime auto lender that recently declared bankruptcy, is now facing an intensive investigation by its appointed trustee into possible widespread misconduct prior to its collapse. Charles R. Gibbs, representing the trustee Anne Elizabeth Burns, informed the court that the company's business activities

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