But the real scare was that Tricolor wasn’t alone. Shortly after the company fell apart, car-parts supplier First Brands Group filed for bankruptcy after investors raised concerns about its reliance on short-term loans that didn’t appear on its balance sheet. Shortly after, regional banks Zions Bancorp NA and Western Alliance Bancorp disclosed exposure to alleged fraud by creditors, triggering a sudden drop in bank stocks. That same day, the co-founder of Miami investment firm 777 Partners LLC was charged with fraud and conspiracy for allegedly double-pledging loans. And the list goes on.