First Brands Founder Patrick James Indicted on Fraud Charges -- WSJ

Dow Jones

01/29

By Alexander Gladstone

First Brands Group founder Patrick James and his brother Edward were indicted by federal prosecutors on charges of defrauding lenders ahead of the auto-parts company's collapse into bankruptcy.

Patrick James, whose empire of automotive aftermarket brands collapsed in September, was accused by federal prosecutors in New York of "a series of fraudulent schemes against the company's lenders and financing partners." Patrick and Edward James, a former First Brands executive, are charged with crimes including bank and wire fraud, according to a copy of a federal indictment reviewed by WSJ Pro Bankruptcy.

First Brands' sudden implosion last year rattled credit markets and presented a glaring example of the risks lenders take when providing financing to closely held enterprises whose inner workings might not be fully understood.

Representatives of Patrick and Edward James had no immediate comment.

Write to Alexander Gladstone at alexander.gladstone@wsj.com

(END) Dow Jones Newswires

January 29, 2026 10:58 ET (15:58 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

应版权方要求，你需要登录查看该内容

登录 / 注册

免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。

热议股票

1
2
3
4
5
6
7
8
9
10

{"basename":"/hans","ssrTDKData":{"titleTemplate":"%s - 老虎证券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎证券,老虎证券开户,老虎券商,老虎证券官网,老虎证券app,tigertrade老虎证券,股票,炒股,新加坡股票交易平台,投资,投资理财","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hans/news/2607503191"},"companyName":"老虎证券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2607503191\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2607503191?lang=zh_CN&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-01-29 23:58","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2607503191","market":"fut","top_or_hot":-1,"title":"First Brands Founder Patrick James Indicted on Fraud Charges -- WSJ","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Alexander Gladstone \n</p>\n<p>\n  First Brands Group founder Patrick James and his brother Edward were indicted by federal prosecutors on charges of defrauding lenders ahead of the auto-parts company's collapse into bankruptcy. \n</p>\n<p>\n  Patrick James, whose empire of automotive aftermarket brands collapsed in September, was accused by federal prosecutors in New York of \"a series of fraudulent schemes against the company's lenders and financing partners.\" Patrick and Edward James, a former First Brands executive, are charged with crimes including bank and wire fraud, according to a copy of a federal indictment reviewed by WSJ Pro Bankruptcy. \n</p>\n<p>\n  First Brands' sudden implosion last year rattled credit markets and presented a glaring example of the risks lenders take when providing financing to closely held enterprises whose inner workings might not be fully understood. \n</p>\n<p>\n  Representatives of Patrick and Edward James had no immediate comment. \n</p>\n<p>\n  Write to Alexander Gladstone at alexander.gladstone@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 29, 2026 10:58 ET (15:58 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>First Brands Founder Patrick James Indicted on Fraud Charges -- WSJ</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFirst Brands Founder Patrick James Indicted on Fraud Charges -- WSJ\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-01-29 23:58</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Alexander Gladstone \n</p>\n<p>\n  First Brands Group founder Patrick James and his brother Edward were indicted by federal prosecutors on charges of defrauding lenders ahead of the auto-parts company's collapse into bankruptcy. \n</p>\n<p>\n  Patrick James, whose empire of automotive aftermarket brands collapsed in September, was accused by federal prosecutors in New York of \"a series of fraudulent schemes against the company's lenders and financing partners.\" Patrick and Edward James, a former First Brands executive, are charged with crimes including bank and wire fraud, according to a copy of a federal indictment reviewed by WSJ Pro Bankruptcy. \n</p>\n<p>\n  First Brands' sudden implosion last year rattled credit markets and presented a glaring example of the risks lenders take when providing financing to closely held enterprises whose inner workings might not be fully understood. \n</p>\n<p>\n  Representatives of Patrick and Edward James had no immediate comment. \n</p>\n<p>\n  Write to Alexander Gladstone at alexander.gladstone@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 29, 2026 10:58 ET (15:58 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PATK","symbol_name":"Patrick Industries","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2607503191","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2607503191","pubTimestamp":1769702280,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"First Brands Group founder Patrick James and his brother Edward were indicted by federal prosecutors on charges of defrauding lenders ahead of the auto-parts company's collapse into bankruptcy.Patrick James, whose empire of automotive aftermarket brands collapsed in September, was accused by federal prosecutors in New York of \"a series of fraudulent schemes against the company's lenders and financing partners.\" Patrick and Edward James, a former First Brands executive, are charged with crimes including bank and wire fraud, according to a copy of a federal indictment reviewed by WSJ Pro Bankruptcy.First Brands' sudden implosion last year rattled credit markets and presented a glaring example of the risks lenders take when providing financing to closely held enterprises whose inner workings might not be fully understood.Representatives of Patrick and Edward James had no immediate comment.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"PATK":"Patrick Industries","BK4124":"机动车零配件与设备"},"translate_title":"First Brands创始人帕特里克·詹姆斯因欺诈指控被起诉——《华尔街日报》","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PATK":1.5},"content_text":"By Alexander Gladstone \n\n\n  First Brands Group founder Patrick James and his brother Edward were indicted by federal prosecutors on charges of defrauding lenders ahead of the auto-parts company's collapse into bankruptcy. \n\n\n  Patrick James, whose empire of automotive aftermarket brands collapsed in September, was accused by federal prosecutors in New York of \"a series of fraudulent schemes against the company's lenders and financing partners.\" Patrick and Edward James, a former First Brands executive, are charged with crimes including bank and wire fraud, according to a copy of a federal indictment reviewed by WSJ Pro Bankruptcy. \n\n\n  First Brands' sudden implosion last year rattled credit markets and presented a glaring example of the risks lenders take when providing financing to closely held enterprises whose inner workings might not be fully understood. \n\n\n  Representatives of Patrick and Edward James had no immediate comment. \n\n\n  Write to Alexander Gladstone at alexander.gladstone@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 29, 2026 10:58 ET (15:58 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}