Huge Insider Trading Alleged: Scott + Scott, LLC Files First Securities Fraud Case Against DHB Industries, Inc.
http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/09-12-2005/0004105355&EDATE=
"DHB and certain individual defendants including
CEO David Brooks, violated the Securities Exchange Act of 1934 by making false
statements or failing to disclose adverse facts known to them about DHB.
Defendants' fraudulent scheme, it is alleged, (a) deceived the investing
public regarding DHB's prospects and business; (b) artificially inflated the
prices of DHB's publicly traded securities; (c) allowed defendants to sell
approximately $195.4 million of their own shares at inflated prices; and (d)
caused members of the Class to purchase DHB's publicly traded securities at
inflated prices."
This, as well as use of the corporate jet(s) may call into question whether it was really his to spend.
He may have figured that if he spends it, at least he'll have had fun with it, rather than having something tangible to give back as restitution.
I suppose so, can't take it with him to prison.