Your email has been successfully added to our mailing list.

×
0 0 0 0 0 0 0 0
Stock impact report

Tricolor's founder compared the auto lender to Enron in private call: Feds [Yahoo! Finance]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Yahoo! Finance
Founder Daniel Chu and COO David Goodgame were charged with "systematically defrauding" lenders. Tricolor's collapse left banks exposed to hundreds of millions in loan losses. By August 2025, top executives of auto lender Tricolor knew they were in trouble: The company had pledged approximately $2.2 billion of collateral to lenders and investors, but only had approximately $1.4 billion of real collateral, Manhattan federal prosecutors said on Wednesday. Founder Daniel Chu and the company's Chief Operating Officer David Goodgame, who were arrested and charged with bank fraud and wire fraud on Wednesday, planned to frighten at least one lender into a favorable deal, prosecutors allege. According to the indictment, the executives discussed telling a lender that the company might otherwise implode, much like the energy trading firm Enron in 2001, if a deal wasn't reached. This would be bad for the lender because it would put them at risk of losing everything. "Enron obviously has Show less Read more
Impact Snapshot
Event Time:
JPM
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for JPM alerts
Opt-in for
JPM alerts

from News Quantified
Opt-in for
JPM alerts

from News Quantified