Big Banks Say They Were Victims Of Tricolor Fraud Scheme

By Katryna Perera ( April 10, 2026, 9:48 PM EDT) -- JPMorgan, Barclays and Fifth Third have urged a New York federal judge to toss an investor suit claiming the banks ignored flaring red flags and helped conceal a sprawling subprime auto loan fraud by Tricolor Holdings, arguing that they were also victims of the fraud and not aware of the scheme despite being sophisticated financial institutions....

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