Executives of the bankrupt subprime auto lender Tricolor Holdings, including CEO Daniel Chu, have been charged with systematic fraud in connection to the company’s collapse, which reportedly defrauded banks of nearly $1 billion. The indictments come amid a broader investigation by U.S. prosecutors into the company’s operations, which have drawn comparisons to major financial scandals like Enron. Notably, Chu received a significant $6.25 million bonus just weeks before the firm declared bankruptcy. The charges raise concerns over the impact of such fraud on credit markets and the banking sector.