United States-Based Automotive Parts Company Bankrupt First Brands Group Liquidators Accused Founder Malaysia-Born Patrick James of Misappropriating $700 Million, Raised Funds with Non-Existent & Falsified Invoices, Bought 17 Exotic Cars, Bought Properties in Malibu & Hamptons, Paid $500,000 for Private Celebrity Chef in 2025, Paid $3 Million Rental for New York City Townhouse
7th November | Hong Kong
United States-based automotive parts company bankrupt First Brands Group liquidators have accused founder Malaysia-born Patrick James of misappropriating $700 million, raised funds with non-existent & falsified invoices, bought 17 exotic cars, bought properties in Malibu & Hamptons, paid $500,000 for a private celebrity chef in 2025, and paid $3 million rental for a New York City townhouse. In 2025 October, First Brands Group creditor (Raistone) claimed $2.3 billion had disappeared from the company. UBS was reported to have more than $500 million exposure (via funds) to First Brands Group & United States banking group Jefferies with $715 million exposure (via fund) to First Brands Group. In 2025 October, First Brands Group was reported to be facing investigation for potential double financing of receivables with $2.3 billion in factoring liabilities. In 2025 September, First Brands Group filed for Chapter 11 Bankruptcy with more than $10 billion liabilities & obtained $1.1 billion in debtor-in-possession financing from 1st-lien lenders to support operations. In 2025 September, First Brands Group was reported to be filing for Chapter 11 Bankruptcy with $6 billion debt. Patrick James owns First Brands Group via Crowne Group, which acquired Trico Products Corp in 2014 & renamed to First Brands Group in 2020. First Brands Group – First Brands Group™ is a global automotive parts company that develops, markets and sells premium products through a portfolio of market-leading brands including: Raybestos® complete brake solutions, Centric Parts® replacement brake components, StopTech® performance brakes, FRAM® filtration products, Luber-finer® filtration products, TRICO® wiper blades, ANCO® wiper blades, Michelin® licensed wiper blades, AirTex® and Carter® fuel and water pumps, Autolite® spark plugs, StrongArm® lift supports, Carlson® brake hardware, CARDONE® new and remanufactured replacement parts, and our towing & trailering portfolio composed of REESE®, DRAWTITE®, BULLDOG®, TEKONSHA®, FULTON®, Westfalia® along with Hopkins® universal owned and licensed brands and Philips® licensed aftermarket lighting. The First Brands Group™ portfolio of world-class brands offers best-in-class technology, industry-leading engineering capabilities and superior customer service.
“ United States-Based Automotive Parts Company Bankrupt First Brands Group Liquidators Accused Founder Malaysia-Born Patrick James of Misappropriating $700 Million, Raised Funds with Non-Existent & Falsified Invoices, Bought 17 Exotic Cars, Bought Properties in Malibu & Hamptons, Paid $500,000 for Private Celebrity Chef in 2025, Paid $3 Million Rental for New York City Townhouse “
![](https://www.caproasia.com/wp-content/uploads/2025/08/Air-Charter-Service-728x90-1.png")
Malaysia-Born Patrick James United States-Based Automotive Parts Company Bankrupt First Brands Group Creditor (Raistone) Claims $2.3 Billion Disappeared from Company, UBS with More than $500 Million Exposure (via Funds) to First Brands Group & United States Banking Group Jefferies with $715 Million Exposure (via Fund) to First Brands Group, First Brands Group Facing Investigation for Potential Double Financing of Receivables with $2.3 Billion in Factoring Liabilities, Filed for Chapter 11 Bankruptcy with More than $10 Billion Liabilities & Obtained $1.1 Billion in Debtor-in-Possession Financing from 1st-Lien Lenders to Support Operations
10th October – Malaysia-born Patrick James United States-based automotive parts company bankrupt First Brands Group creditor (Raistone) has claimed $2.3 billion had disappeared from the company. UBS has been reported to have more than $500 million exposure (via funds) to First Brands Group & United States banking group Jefferies with $715 million exposure (via fund) to First Brands Group. In 2025 October, First Brands Group was reported to be facing investigation for potential double financing of receivables with $2.3 billion in factoring liabilities. In 2025 September, First Brands Group filed for Chapter 11 Bankruptcy with more than $10 billion liabilities & obtained $1.1 billion in debtor-in-possession financing from 1st-lien lenders to support operations. In 2025 September, First Brands Group was reported to be filing for Chapter 11 Bankruptcy with $6 billion debt. Patrick James owns First Brands Group via Crowne Group, which acquired Trico Products Corp in 2014 & renamed to First Brands Group in 2020. First Brands Group – First Brands Group™ is a global automotive parts company that develops, markets and sells premium products through a portfolio of market-leading brands including: Raybestos® complete brake solutions, Centric Parts® replacement brake components, StopTech® performance brakes, FRAM® filtration products, Luber-finer® filtration products, TRICO® wiper blades, ANCO® wiper blades, Michelin® licensed wiper blades, AirTex® and Carter® fuel and water pumps, Autolite® spark plugs, StrongArm® lift supports, Carlson® brake hardware, CARDONE® new and remanufactured replacement parts, and our towing & trailering portfolio composed of REESE®, DRAWTITE®, BULLDOG®, TEKONSHA®, FULTON®, Westfalia® along with Hopkins® universal owned and licensed brands and Philips® licensed aftermarket lighting. The First Brands Group™ portfolio of world-class brands offers best-in-class technology, industry-leading engineering capabilities and superior customer service.
Malaysia-Born Patrick James United States-Based Automotive Parts Company First Brands Group Facing Investigation for Potential Double Financing of Receivables with $2.3 Billion in Factoring Liabilities, Filed for Chapter 11 Bankruptcy with More than $10 Billion Liabilities & Obtained $1.1 Billion in Debtor-in-Possession Financing from 1st-Lien Lenders to Support Operations, Patrick James Owns First Brands Group via Crowne Group Which Acquired Trico Products Corp in 2014 & Renamed to First Brands Group in 2020
1st October – Malaysia-born Patrick James United States-based automotive parts company First Brands Group is facing investigation for potential double financing of receivables with $2.3 billion in factoring liabilities. In 2025 September, First Brands Group filed for Chapter 11 Bankruptcy with more than $10 billion liabilities & obtained $1.1 billion in debtor-in-possession financing from 1st-lien lenders to support operations. In 2025 September, First Brands Group was reported to be filing for Chapter 11 Bankruptcy with $6 billion debt. Patrick James owns First Brands Group via Crowne Group, which acquired Trico Products Corp in 2014 & renamed to First Brands Group in 2020. First Brands Group – First Brands Group™ is a global automotive parts company that develops, markets and sells premium products through a portfolio of market-leading brands including: Raybestos® complete brake solutions, Centric Parts® replacement brake components, StopTech® performance brakes, FRAM® filtration products, Luber-finer® filtration products, TRICO® wiper blades, ANCO® wiper blades, Michelin® licensed wiper blades, AirTex® and Carter® fuel and water pumps, Autolite® spark plugs, StrongArm® lift supports, Carlson® brake hardware, CARDONE® new and remanufactured replacement parts, and our towing & trailering portfolio composed of REESE®, DRAWTITE®, BULLDOG®, TEKONSHA®, FULTON®, Westfalia® along with Hopkins® universal owned and licensed brands and Philips® licensed aftermarket lighting. The First Brands Group™ portfolio of world-class brands offers best-in-class technology, industry-leading engineering capabilities and superior customer service.
Malaysia-Born Patrick James United States-Based Automotive Parts Company First Brands Group Files for Chapter 11 Bankruptcy with More than $10 Billion Liabilities & Obtained $1.1 Billion in Debtor-in-Possession Financing from 1st-Lien Lenders to Support Operations, Patrick James Owns First Brands Group via Crowne Group Which Acquired Trico Products Corp in 2014 & Renamed to First Brands Group in 2020
30th September – Malaysia-born Patrick James United States-based automotive parts company First Brands Group has filed for Chapter 11 Bankruptcy with more than $10 billion liabilities & obtained $1.1 billion in debtor-in-possession financing from 1st-lien lenders to support operations. In 2025 September, First Brands Group is reported to be filing for Chapter 11 Bankruptcy with $6 billion debt. Patrick James owns First Brands Group via Crowne Group, which acquired Trico Products Corp in 2014 & renamed to First Brands Group in 2020. First Brands Group – First Brands Group™ is a global automotive parts company that develops, markets and sells premium products through a portfolio of market-leading brands including: Raybestos® complete brake solutions, Centric Parts® replacement brake components, StopTech® performance brakes, FRAM® filtration products, Luber-finer® filtration products, TRICO® wiper blades, ANCO® wiper blades, Michelin® licensed wiper blades, AirTex® and Carter® fuel and water pumps, Autolite® spark plugs, StrongArm® lift supports, Carlson® brake hardware, CARDONE® new and remanufactured replacement parts, and our towing & trailering portfolio composed of REESE®, DRAWTITE®, BULLDOG®, TEKONSHA®, FULTON®, Westfalia® along with Hopkins® universal owned and licensed brands and Philips® licensed aftermarket lighting. The First Brands Group™ portfolio of world-class brands offers best-in-class technology, industry-leading engineering capabilities and superior customer service.
Malaysia-Born Patrick James United States-Based Automotive Parts Company First Brands Group to File for Chapter 11 Bankruptcy with $6 Billion Debt, Patrick James Owns First Brands Group via Crowne Group Which Acquired Trico Products Corp in 2014 & Renamed to First Brands Group in 2020
25th September – Malaysia-born Patrick James United States-based automotive parts company First Brands Group is filing for Chapter 11 Bankruptcy with $6 billion debt. Patrick James owns First Brands Group via Crowne Group, which acquired Trico Products Corp in 2014 & renamed to First Brands Group in 2020. First Brands Group – First Brands Group™ is a global automotive parts company that develops, markets and sells premium products through a portfolio of market-leading brands including: Raybestos® complete brake solutions, Centric Parts® replacement brake components, StopTech® performance brakes, FRAM® filtration products, Luber-finer® filtration products, TRICO® wiper blades, ANCO® wiper blades, Michelin® licensed wiper blades, AirTex® and Carter® fuel and water pumps, Autolite® spark plugs, StrongArm® lift supports, Carlson® brake hardware, CARDONE® new and remanufactured replacement parts, and our towing & trailering portfolio composed of REESE®, DRAWTITE®, BULLDOG®, TEKONSHA®, FULTON®, Westfalia® along with Hopkins® universal owned and licensed brands and Philips® licensed aftermarket lighting. The First Brands Group™ portfolio of world-class brands offers best-in-class technology, industry-leading engineering capabilities and superior customer service.
Caproasia Users
- Manage $20 million to $30 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2026 Investment Day
- March - Hong Kong
- March - Singapore
- April - Hong Kong
- April - Singapore
- July - Hong Kong
- July - Singapore
- Sept- Hong Kong
- Sept - Singapore
- Oct- Hong Kong
- Nov - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
