Company alleges use of fake invoices, double-pledged collateral Accuses James of causing company to incur at least $2.3 billion in liabilities James supports fiduciary investigation into financial ...

First Brands’ new management team has filed a complaint against Patrick James, the company’s founder and former CEO, alleging that he obtained billions of dollars in financing through fraud and ...

At first, the sales invoice said $179.84. Later, the bill said $9,271.25 – 50 times more. It was one more trick in a series of alleged ruses – from fudged numbers and questionable collateral, to ...