Home / Crime / Major auto supplier CEO indicted in alleged multibillion-dollar fraud

Major auto supplier CEO indicted in alleged multibillion-dollar fraud

The CEO of a major auto supplier based in Cleveland has been indicted for fraud along with his brother, a senior vice president in the business.

The CEO and a senior vice president of auto parts supplier First Brands Group are facing federal fraud charges.
Prosecutors allege the brothers defrauded lenders out of billions of dollars through various schemes.
First Brands Group, which owns Fram … [2054 chars]

Source: Cincinnati Cincinnati Enquirer | Published: 2026-01-30T11:22:13Z

Credit: Cincinnati Cincinnati Enquirer

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