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.James Collins, who co-founded the now-defunct Honor Finance, allegedly engaged in a multiyear accounting scheme by overstating the health of poorly performing and delinquent loans to maintain bank funding and withdraw cash from the securitized portfolio.
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