Key facts
- David Goodgame, former COO of Tricolor Holdings, pleaded guilty to fraud and conspiracy charges.
- The charges stem from the collapse of the subprime auto lender.
- Goodgame has agreed to cooperate with prosecutors.
David Goodgame, the former chief operating officer of Tricolor Holdings, pleaded guilty on Wednesday to fraud and conspiracy charges in connection with the collapse of the now-bankrupt subprime auto lender. Goodgame entered his plea before U.S. District Judge Kevin Castel in Manhattan and has agreed to cooperate with prosecutors, according to his lawyer, Arnold Spencer.
(Reporting by Jonathan Stempel in New York)