Fraud in the Office
Fraud in the Office
FITO
Fraud Bros
32 minutes Posted Mar 5, 2026 at 10:00 am.
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Send us Fan Mail In this episode of Fraud in the Office, Matthew and Mark break down the alleged multibillion-dollar fraud involving First Brands founder Patrick James and his brother Edward James, dubbed the “Fraud Bros.” Prosecutors claim the executives used fake invoices, double- and triple-pledged collateral, off-balance-sheet financing, and manipulated financial statements to obtain billions from lenders before the company ultimately collapsed into bankruptcy. The hosts unpack how aggres...