fromBusiness Insider
3 days agoBankrupt First Brands says its founder used company money for private chef and 'exotic' cars
Seventeen "exotic" cars. "Lavish" homes from New York to California. A private "celebrity chef." These are just some of the big spending allegations that have emerged in a lawsuit filed this week against Patrick James, the founder of auto parts supplier First Brands, which filed for Chapter 11 bankruptcy protection in September. The lawsuit, filed by First Brands' new management, said James "misrepresented First Brands' financial position to secure billions in debt financing" over the years.
Business


