Feds Arrest Body Armor Exec Over Splurges
October 25, 2007 12:05 PM

The founder and former head of a company that manufactures body armor for soldiers in Iraq and Afghanistan was arrested this morning by federal agents on Long Island, N.Y and charged with using company money to supplement his lavish lifestyle and netting $186,000,000 while riding his company's stock down.
 
Other splurges included $200,000 on a Bentley Flying Spur, $190,000 on an armored Ford Expedition, $227,000 for private jet service and $307,000 to a company that owned Brooks' Florida home, according to an SEC filing.

$10  Million Dollar Bat Mitzvah

David Brooks, founder of DHB Industries Inc., made headlines in November 2005 when he splurged almost $10 million on a bat mitzvah for his daughter, which included a bi-floor party at the exclusive Rainbow Room and performances by Aerosmith, 50 Cent, Tom Petty and DJ-AM.
 

Zionist Judge OKs House Arrest

And instead of the usual bail posting, David H. Brooks must convince prosecutors that they have full control of his millions in assets so he cannot use them to flee, U.S. District Judge Joanna Seybert said Friday.

Will He Flee To Israel?

The former head of the leading supplier of body armor to the U.S. military, facing federal charges in an alleged fraud scheme, may be freed after two months in jail but only under house arrest, a judge has ruled.