Tricolor Executives Face SEC Fraud Suit
The SEC has charged Daniel Chu, Jerome Kollar, and Ameryn Seibold, former Tricolor Holdings executives, with defrauding investors by double-pledging and fabricating auto-loan receivables in more than $1.9 billion in asset-backed securities as the company collapsed into bankruptcy in 2025. A civil suit accompanies parallel criminal indictments, with regulators alleging falsified loan data and misleading statements to investors and seeking penalties, disgorgement, and cooperation in investigations.