United States Attorney for the Southern District of New York, Jay Clayton, United States Attorney for the Northern District of Ohio, David M. Toepfer, Assistant Director in Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”), James C. Barnacle, Jr., Executive Special Agent in Charge of the Internal Revenue Service – Criminal Investigation (“IRS-CI”) Washington, D.C. Field Office, Kareem Carter, and Special Agent in Charge of the Detroit Field Office of Homeland Security Investigations (“HSI”), Jared Murphey, announced today the unsealing of an indictment charging PATRICK JAMES, the founder and former CEO of First Brands Group, LLC (“First Brands”), and his brother EDWARD JAMES, a former senior executive at First Brands, with conspiracy to commit wire fraud and bank fraud, conspiracy to commit money laundering, and multiple counts of wire fraud and bank fraud, in connection with various schemes to defraud lenders regarding the liabilities and financial condition of First Brands.
Source: U.S. Department of Justice