Episode Details
Back to EpisodesPotentially massive fraud at Tricolor Holdings!
Episode 527
Published 7 months, 2 weeks ago
Description
This episode reviews a series of articles from S&P Global Market Intelligence (subscription required) detailing the events of the last week as a potentially massive fraud was uncovered involving a subprime auto lender named Tricolor Holdings. The fraud is alleged because, as of yet, no criminal charges have been filed. The potential losses are currently rippling through multiple banks including JPMorgan and Fifth Third Bancorp.