Dec 17 (Reuters) - U.S. prosecutors on Wednesday unsealed an indictment charging the executives of bankrupt auto dealer Tricolor Holdings in connection to a fraud scheme.

The indictment named the company's founder Daniel Chu as well as executives David Goodgame, Jerome Kollar, and Ameryn Seibold.

"At Chu's direction, multiple Tricolor executives repeatedly defrauded lenders using various fraudulent schemes, including "double-pledging collateral," according to the indictment.

It accused Chu, Goodgame and others of operating Tricolor through "systemic fraud."

Tricolor had filed for Chapter 7 bankruptcy in Texas in September, moving to liquidate its business a day after Fifth Third Bank warned of alleged fraudulent activity at the company.

JPMorgan ( JPM ) , the largest U.S. bank, wrote off $170 million in the third quarter related to Tricolor. The bank's chief executive, Jamie Dimon, described the exposure as "not our finest moment."