Nice to know that somebody made a buck -- even if your kid didn't get a vest or you had to buy one for them, parent.
I'll bet you purchased it from this fine company, right?
"Military supplier is charged with fraud; Inflated stock value, prosecutors allege" by Frank Eltman/Associated Press October 26, 2007
CENTRAL ISLIP, N.Y. - The former CEO of the nation's leading supplier of body armor to the US military was indicted yesterday on charges of insider trading, fraud, and tax evasion in a scheme that netted him more than $185 million, prosecutors said.
[While your kids died in the desert of Iraq, Americans!
Are you as angry about this as I am?]
David H. Brooks, 53, the founder of DHB Industries Inc. and Sandra Hatfield, 54, DHB's former chief operating officer were accused of falsely inflating the value of the inventory of the company's top product, the Interceptor vest, to help meet profit margin projections.
[While your kids bleed and die in Iraq!]
Authorities allege the scheme propelled the company's stock from $2 a share in 2003 to nearly $20 a share in late 2004. When the pair sold several million DHB shares at that time, Brooks made more than $185 million and Hatfield more than $5 million, according to the US attorney's office.
When an employee identified only as "John Doe" confronted Hatfield in late 2004 with evidence that the inventory of vests was overvalued by up to $8 million, prosecutors say, she told him the company could not "take a hit" of reducing the valuation to the correct amount.
[Nothing like accounting fraud! It's what keeps the U.S. economy going!]
Brooks and Hatfield also are accused of failing to report more than $10 million in bonus payments to themselves and other DHB employees to the IRS.
[Oh, and they GAVE THEMSELVES $10 mil in BONUSES, huh?
I'm gonna fucking wretch!!!
Think I'm paying a bill ever again? Fuck you!]
Brooks also is accused of using DHB funds to buy or lease luxury vehicles for himself and family members, and to pay for vacations, jewelry, cosmetic surgery, country club bills, and family celebrations.
[Yup, HE was PARTYING while YOUR KIDS DIED, America!!!!!!
You READY to IMPEACH yet?!]
Prosecutors say he threw lavish bar and bat mitzvahs for his children in which entertainers like Tom Petty, Aerosmith, and the Eagles performed.
[And what a surprise -- he's JEWISH!!!!
Must be a looting NaZionist Neo-Con then!!!!!
Glad he could get Tom Petty to play his party; he turned down my Super Bowl request.
Pffffftttttt!]
Brooks, who owns more than 100 horses and races them at harness tracks around the country, also used DHB funds for his horse racing business, prosecutors have said.
[Wonder if he knows Brownie?
And ALL the WHILE, YOUR KIDS were DYING in Iraq -- without having gotten the PROPER BODY ARMOR!!!!!!!
So don't get mad at me for lashing out in bitterness at you, Amurkn public!
I didn't steal the money or end your kids away -- and I want them back right now!]
During the bail hearing, Assistant US Attorney John G. Martin argued that Brooks was a flight risk and should not be granted bail because he may have millions in assets hidden overseas.
Brooks's lawyer, Paul Shechtman, said that Brooks wasn't a flight risk, noting that he had moved back to New York from London earlier this year despite knowing he could be arrested in the case.
[So what? I'll bet he's not on the no-fly list (well, maybe now)]
Also yesterday, the Securities and Exchange Commission filed related civil charges against Brooks, accusing him of manipulating DHB's earnings and funneling millions of dollars out of the company through fraudulent transactions.
[While your kids died in the desert of Iraq, Americans!]
