Tricolor Paid CEO $30 Million in Year Before Alleged Fraud
A Lavish Payout Before the Fall In the high-stakes world of subprime auto lending, Tricolor Holdings was once a prominent player, targeting underserved Hispanic customers. Its dramatic collapse, however, has been overshadowed by allegations of fraud and a stunning executive payout. According to a new lawsuit, founder and CEO Daniel Chu collected nearly $30 million…