First Brands Creditors Allege Kickbacks on Deals Returning 300%

A major financier to First Brands Group is accused of orchestrating a kickback scheme with the founder’s brother that loaded the now bankrupt auto-parts supplier with expensive debt.

By Jonathan Randles, Steven Church · Bloomberg Markets

A major financier to First Brands Group is accused of orchestrating a kickback scheme with the founder’s brother that loaded the now bankrupt auto-parts supplier with expensive debt.