Former CEO of Subprime Auto Lender Indicted in $54.5 Million …

Dec 16, 2022 · CHICAGO — The former chief executive officer of a suburban Chicago subprime auto lending company has been charged in federal court with orchestrating a scheme that …

$54
OFF

Former CEO Of Subprime Auto Lender Indicted In $54.5 Million …

2 weeks from now

Dec 16, 2022 · CHICAGO — The former chief executive officer of a suburban Chicago subprime auto lending company has been charged in federal court with orchestrating a scheme that …

justice.gov

$54
OFF

Feds Accuse Evanston CEO Of $54.5 Million Subprime Loan Fraud …

2 weeks from now

Dec 18, 2022 · Jim Collins, 53, of Evanston, was indicted by a grand jury on 15 counts of bank fraud and two counts of securities fraud in connection with bonds backed by a bundle of …

totpi.com

$55
OFF

Former Evanston Subprime Auto Lender Indicted In Alleged $55 …

2 weeks from now

Dec 17, 2022 · The former CEO of an Evanston subprime auto lender has been indicted on federal fraud charges for allegedly submitting false reports on the status of thousands of loans, …

chicagotribune.com

$54
OFF

Former CEO Of Subprime Auto Lender Indicted In $54.5 Million …

2 weeks from now

Former CEO of Subprime Auto Lender Indicted in $54.5 Million Bank Fraud Scheme CHICAGO - The former chief executive officer of a suburban Chicago subprime auto lending company has …

publicnow.com

$54
OFF

Summary Of Recent Cases Brought By The US Attorney In Northern …

2 weeks from now

Jan 15, 2023 · Former CEO of Subprime Auto Lender Indicted in $54.5 Million Bank Fraud Scheme ... After agreeing to sell one million N95 masks for nearly $4.5 million, the hospital …

chicagojournal.com

$55
OFF

Former Evanston Subprime Auto Lender Indicted In Alleged $55 …

2 weeks from now

Dec 16, 2022 · The former CEO of an Evanston subprime auto lender has been indicted on federal fraud charges for allegedly submitting false ... The former CEO of an Evanston …

edinburgpost.com

$5
OFF

Top Officers Of Subprime Auto Lender Indicted On Fraud Charges …

2 weeks from now

CHICAGO — Two top officers of a north suburban subprime auto lending company have been indicted on federal fraud charges for allegedly misappropriating at least $5.3 million in …

carsandracingstuff.com

$54
OFF

Former CEO Of Subprime Auto Lender Indicted In $54.5 Million …

2 weeks from now

Dec 16, 2022 · Former CEO of Subprime Auto Lender Indicted in $54.5 Million Bank Fraud Scheme Posted on December 16, 2022 James Collins, the former chief executive officer of a …

moralepatcharmory.com

$54
OFF

Subprime Loans Archives – The Southland Journal

2 weeks from now

Former CEO of Subprime Auto Lender Indicted in $54.5 Million Bank Fraud Scheme. As a result of Collins’s false representations and material omissions regarding the line of credit and the …

thesouthlandjournal.com

$54
OFF

James Collins Archives – The Southland Journal

2 weeks from now

Former CEO of Subprime Auto Lender Indicted in $54.5 Million Bank Fraud Scheme. As a result of Collins’s false representations and material omissions regarding the line of credit and the …

thesouthlandjournal.com

$55
OFF

Former Evanston Subprime Auto Lender Indicted In Alleged $55 …

2 weeks from now

The former CEO of an Evanston subprime auto lender was indicted on federal fraud charges for allegedly overstating the health of a loan portfolio. Get access to our best features Get Started

ground.news

FAQs about Former CEO of Subprime Auto Lender Indicted in $54.5 Million … Coupon?

Did Evanston subprime CEO submit false reports?

The former CEO of an Evanston subprime auto lender has been indicted on federal fraud charges for allegedly submitting false reports on the status of thousands of loans, which were bundled to back a $100 million bond offering for investors in 2016. ...

Who owns a subprime auto loan?

Launched in 2000, Honor Finance acquired and serviced subprime auto loans on used vehicles. The company secured a $200 million line of credit from the unnamed bank in 2015 to use in its lending operations, according to the federal indictment. ...

Why did a top honor executive smear a subprime loan?

From 2015 to 2018, Collins schemed with another top Honor executive to submit false information to the bank about a portfolio of loans made to subprime borrowers, in an effort to maintain a certain level of funding from a line of credit provided to Honor by the bank, according to an indictment returned in U.S. District Court in Chicago. ...

Why did honor create a trust backed by subprime auto loans?

To market the bonds, Honor created a Delaware trust that issued $100 million in notes, backed by a pool of subprime auto loans, according to an ongoing Securities and Exchange Commission civil lawsuit filed last year against Collins and Robert DiMeo, co-founder and former COO of Honor Finance. ...

Did a North Shore businessman defraud a bank?

EVANSTON, IL — Federal prosecutors this week unsealed more than a dozen fraud charges against a North Shore businessman who ran a defunct subprime auto loan company. Already awaiting trial on charges he misappropriated more than $5 million, federal prosecutors alleged the wound up defrauding a bank out of more than $50 million. ...

Did James Collins and Robert DiMeo mislead investors?

The U.S. Securities and Exchange Commission stated that CEO James Collins and Chief Operating Officer Robert DiMeo provided false information to investors in the Honor Automobile Trust Securitization 2016-1 (HATS) deal by concealing the fact that they had improperly modified loans to mask credit weaknesses in the deal's thousands of auto loans. ...