Lawyers for Tricolor Holdings’ trustee confirmed in a court hearing today that the subprime lender is under government investigation for misconduct and appears to have engaged in systemic fraud. The trustee overseeing the Chapter 7 bankruptcy proceedings for Tricolor is gearing up to work alongside government agencies investigating potential “pervasive fraud of rather extraordinary proportions,” […] The post ‘Pervasive fraud of rather extraordinary proportions’ seemingly found b...
