Tricolor’s Excel Guy Failed to Fix Numbers in Alleged Fraud

A Tricolor dealership in HoustonPhotographer: Mark Felix/Bloomberg

It was, according to Daniel Chu, “the stupidest f—-ing thing [he had] ever heard.”

That’s how the Tricolor Holdings founder, in a secretly recorded August phone call, described the blunder that ultimately exposed what authorities allege was a more than $1 billion fraud.