Tred
Facts
- HQ
- Seattle, Washington, USA
- Sectors
- Automotive, Marketplace, Online marketplace, FinTech
- Stage
- Acquired
Former Tred Director John Whisenant Indicted for $2M Wire Fraud to Fund Luxury Purchases
John Whisenant, former director of Seattle auto startup Tred, was indicted on five wire fraud counts for allegedly stealing over $2 million via 57 unauthorized transfers to fund a lavish lifestyle. Tred, founded in 2012 and acquired by Cox Automotive in 2022, aimed to simplify used car buying and selling.
Former Tred Director John Whisenant Arrested for Embezzling Over $2 Million from Seattle Startup
John Whisenant, a former director at Seattle startup Tred, was arrested for allegedly embezzling over $2 million through fraudulent transactions between 2019 and 2021, using the funds to buy luxury vehicles and expensive airline tickets. The scheme was uncovered when an internal review raised suspicions, leading to federal charges and an upcoming court appearance in Seattle.
Tred raises $25M Series B to expand online used-car marketplace, totaling $37M in funding
Tred, an online peer-to-peer used-car marketplace, raised $25 million in a Series B to expand its platform, products, locations and engineering team, bringing total funding to $37 million. The company offers end-to-end services—test drives, delivery, financing, protection and fraud checks—and has grown from a 2012 Techstars Seattle startup to operations in multiple U.S. markets.
