Patrick and Edward James were arrested Friday and charged in federal court in New York with conspiracy, money laundering and wire and bank fraud. Patrick James faces an additional charge of carrying out a continuing financial crimes enterprise. James looks forward to presenting his case in court.”Messages left for Edward James’ attorney, Seth Ducharme, were not immediately returned. Patrick James during that time siphoned hundreds of millions of dollars into his personal bank account, according to the indictment. David Toepfer, the U.S. Attorney in Cleveland, said in a statement that First Brands’ collapse sent ripple effects across Ohio.