Bankrupt First Brands sues founder, says he used company money for private chef and 'exotic' cars

Source: Business Insider

Auto partsNurPhoto/NurPhoto via Getty ImagesNew management for the bankrupt auto parts supplier is suing its founder, Patrick James. The suit claims James fraudulently secured billions in financing and then enriched himself. The suit references 'exotic' cars, a celebrity chef, and homes from New York to California.