CEO of body armor firm guilty of insider trading, embezzlement, and extraordinarily bad taste in music
Posted on October 29th, 2007 |
The New York Post has the story:
The former CEO of the leading supplier of body armor to U.S. soldiers in Iraq was charged yesterday with looting the company to bankroll a lavish lifestyle that included a $10 million bat mitzvah for his daughter.
In addition to the bat mitzvah - which included performances by Aerosmith, 50 Cent, Tom Petty, Kenny G and the Eagles - prosecutors said David Brooks got the firm, DHB Industries, to pay for other goodies.
Among them were a face lift for his ex-wife; vitamins for his stable of 100 horses; pricey vacations; fancy jewels; an armored car; a $194,000 Bentley; and a $100,000 diamond-studded belt buckle.
The elaborate scheme exploded yesterday when federal prosecutors unsealed a 21-count indictment accusing Brooks, 53, of securities fraud, insider trading, tax evasion and obstruction of justice. If convicted, he could spend the rest of his life behind bars.
Sandra Hatfield, 54, the company’s former chief operating officer, was hit with similar charges.
Kenny G AND 50 Cent? I bet that was some green room.
Tags: crimes, federal cases, music, wtf

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