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"The former CEO of a bulletproof vest-making company for U.S. soldiers was arrested Thursday on accounting fraud, tax fraud and insider trading, law enforcement officials said.
David H. Brooks, the former head of DHB industries, was arrested in New York by IRS and FBI agents on charges he illegally made tens of millions by allegedly lying about the financial results of his company.
Federal agents were planning to seize assets Thursday morning as part of the raid including Brooks' Ferrari and armor plated SUV at his Old Westbury home."
Former CEO Of U.S. Bulletproof Vest Maker Arrested - News Story - WNBC | New York
Recalled Vests.
"Shareholders were mighty ticked, but what makes Brooks’ $250 million in war windfalls particularly obscene is that the equipment which boosted his fortunes appears not to work very well. In May 2005, the US Marines recalled more than 5,000 DHB armored vests after questions were raised about their effectiveness in stopping 9 mm bullets. In November, the Marines and Army announced a recall of an additional 18,000 DHB vests."
War Profiteer Knows How to Party
David H. Brooks, the former head of DHB industries, was arrested in New York by IRS and FBI agents on charges he illegally made tens of millions by allegedly lying about the financial results of his company.
Federal agents were planning to seize assets Thursday morning as part of the raid including Brooks' Ferrari and armor plated SUV at his Old Westbury home."
Former CEO Of U.S. Bulletproof Vest Maker Arrested - News Story - WNBC | New York
Recalled Vests.
"Shareholders were mighty ticked, but what makes Brooks’ $250 million in war windfalls particularly obscene is that the equipment which boosted his fortunes appears not to work very well. In May 2005, the US Marines recalled more than 5,000 DHB armored vests after questions were raised about their effectiveness in stopping 9 mm bullets. In November, the Marines and Army announced a recall of an additional 18,000 DHB vests."
War Profiteer Knows How to Party
