Category: First Brands Group

Founder of First Brands, Whose Bankruptcy Spooked Wall Street, Is Indicted on Fraud

Patrick James, who was earlier ousted from the beleaguered auto-parts maker, is accused by federal prosecutors of faking invoices and lying about hidden debt for years.
First Brands’ C.E.O. Steps Down, While Its Accounting Is Questioned

The auto-part maker’s bankruptcy has rocked Wall Street and revealed trouble in the private credit markets.

Founder of First Brands, Whose Bankruptcy Spooked Wall Street, Is Indicted on Fraud