The allegations have not been proven, and they are presumed to be innocent. Alongside the indictment charging the James brothers, U.S. authorities unsealed a guilty plea from another former First Brands executive, Peter Andrew Brumbergs, in connection with his role in the scheme. He was charged with eight counts, including wire fraud, bank fraud and conspiracy charges, and is cooperating with the government. “The James brothers obtained billions for First Brands — and millions for themselves — by presenting their lenders with the impression of a successful, growing international business,” said Jay Clayton, U.S. attorney for the Southern District of New York, in a statement. “The indictment and the guilty plea unsealed today describe a very different reality: a business run through fraud, fake documents and false financials,” he added.