Tricolor Founder Daniel Chu Gets October Trial on Fraud Charges
Daniel Chu, center, departs federal court in New York on Jan. 13.
Photographer: Bing Guan/BloombergTricolor Holdings founder Daniel Chu is set to go on trial in October on charges that he defrauded the used-car dealer’s banks and investors before the company collapsed last year.
Chu and former Tricolor Chief Operating Officer David Goodgame were given an Oct. 19 trial date by US District Judge Kevin Castel during a Thursday conference in the case. Manhattan federal prosecutors charged them in September with operating the company through “systemic fraud.”