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Ex-Tricolor COO to Plead Guilty to Fraud in Firm’s Collapse

Ex-Tricolor COO to Plead Guilty to Fraud in Firm’s Collapse
Bloomberg Markets Wednesday 24 June 2026, 18:15 UTC By Bob Van Voris 1 min read
Key Points

Legal Ex-Tricolor COO to Plead Guilty to Fraud in Firm’s Collapse Former Tricolor Holdings Chief Operating Officer David Goodgame told a judge that he will plead guilty to fraud charges stemming from the used-car dealer and lender’s collapse last year. Goodgame disclosed his intentions at a hearing Wednesday in federal court in New York. His plea to six criminal counts would leave Tricolor founder Daniel Chu alone facing charges that he orchestrated a “systemic fraud” of banks that provided...

Legal Ex-Tricolor COO to Plead Guilty to Fraud in Firm’s Collapse Former Tricolor Holdings Chief Operating Officer David Goodgame told a judge that he will plead guilty to fraud charges stemming from the used-car dealer and lender’s collapse last year. Goodgame disclosed his intentions at a hearing Wednesday in federal court in New York. His plea to six criminal counts would leave Tricolor founder Daniel Chu alone facing charges that he orchestrated a “systemic fraud” of banks that provided the company with so-called warehouse loans. [Image text:] tricolor auto 5712
David Goodgame (PERSON) Goodgame (PERSON) New York (LOCATION) Daniel Chu (PERSON)
Originally published by Bloomberg Markets Read original →

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