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DHB UNDER FIRE; ARMOR CO. EXECS CHARGED WITH COOKING BOOKS (provided shoddy armor for US troops)
NY POST ^ | August 18, 2006 | JANET WHITMAN

Posted on 08/18/2006 3:48:20 AM PDT by Liz


Ex-CFO Dawn Schlegel

Two women who were once top executives at DHB Industries were arrested yesterday on charges they made millions in ill-gotten gains by cooking the books of the company, which supplies body armor to U.S. troops in Iraq and Afghanistan. Dawn Schlegel, DHB's chief financial officer until she resigned early this year, and Sandra Hatfield, the company's chief operating officer before she stepped down late last year, turned themselves in to FBI agents in Melville, L.I., early yesterday.

U.S. prosecutors in Brooklyn said they're still investigating DHB, which last month reached a $35 million settlement with irate investors who accused executives of running a pump-and-dump scheme.

The shareholder suit alleged that DHB founder David Brooks unloaded $186 million worth of his own shares when he learned that bullet-proof vests made by his company were going to be recalled for failing to block bullets. He resigned as chairman and chief executive as part of the settlement and the company relocated from Long Island to Pompano Beach, Fla., where its subsidiary Point Blank Body Armor is based.

Brooks - who also caught flak in November for throwing an extravagant $10 million Rainbow Room bat mitzvah for his daughter, featuring rapper 50-Cent, Kenny G and other big-name stars - wasn't named in yesterday's complaint. But legal experts believe investigators may be setting their sights on him by arresting his two deputies. U.S. Attorney Office spokesman Robert Nardoza declined to comment, except to say that the investigation continues.

(Excerpt) Read more at nypost.com ...


TOPICS: Business/Economy; Crime/Corruption; Extended News
KEYWORDS: 10million; batmitzvah; boilinghotoil; firingsquad; getarope; thumbscrews
DHB founder David Brooks unloaded $186 million worth of his own shares when he learned that bullet-proof vests made by his company were going to be recalled for failing to block bullets......sucker also caught flak in November for throwing an extravagant $10 million Rainbow Room party for his daughter.........

Luckily, there IS a penalty to be exacted from depraved crooks like this----who suck-up tax dollars, and profit off endangering US troops.

Unfortunately, the penalty is not allowed in the US.

1 posted on 08/18/2006 3:48:21 AM PDT by Liz
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To: Liz


white trash.


2 posted on 08/18/2006 3:51:31 AM PDT by Go Army.com (A slight modification of the story, bringing out the facts)
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To: Liz

David H. Brooks (DHB Industries) is a traitorous war profiteer who should be jailed. Immediately. In fact, he should have been jailed after the Marine Corps was forced to recall 5,200 useless vests.


3 posted on 08/18/2006 3:59:33 AM PDT by gaspar
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To: Liz

"rapper 50-Cent, Kenny G"

Wow. All over the board!


4 posted on 08/18/2006 4:01:50 AM PDT by toddlintown (IT)
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To: Liz
From the article: turned themselves in to FBI agents in Melville, L.I., early yesterday

Where the hell is Melville, L.I.?

5 posted on 08/18/2006 4:02:55 AM PDT by Terabitten (The only time you can have too much ammunition is when you're swimming.)
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To: Liz
Brooks - who also caught flak in November...

Poor choice of words, considering the subject.

6 posted on 08/18/2006 4:03:27 AM PDT by Non-Sequitur
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To: Go Army.com

No, trash with money. Rent "All My Sons", a post WW2 movie with Edward G Robinson and Burt Lancaster, about a war profiteer who deliberately made shoddy equipment resulting in the deaths of several of his son'w war buddies.


7 posted on 08/18/2006 4:03:43 AM PDT by laconic
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To: Terabitten
Where the hell is Melville, L.I.?

New York. L.I. is Long Island.

8 posted on 08/18/2006 4:04:42 AM PDT by Non-Sequitur
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To: Non-Sequitur

Ah, thank you.

I've never been to NYC - nor do I want to. Thanks for the clarification.


9 posted on 08/18/2006 4:08:19 AM PDT by Terabitten (The only time you can have too much ammunition is when you're swimming.)
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To: toddlintown
"rapper 50-Cent, Kenny G"

Wow. All over the board!

They like gangsta jazz.

10 posted on 08/18/2006 4:09:19 AM PDT by Terabitten (The only time you can have too much ammunition is when you're swimming.)
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To: Terabitten
I've never been to NYC - nor do I want to.

I might go, if given the opportunity to beat these clowns with their own vests.

11 posted on 08/18/2006 4:12:09 AM PDT by Non-Sequitur
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To: gaspar

Scumbag----piece of crud is so low, he has to step up about ten feet to step out.

Reading that the depraved turd Brooks spent $10 million for a stupid teenage party, you know the dirtbag is spending other people's money.


12 posted on 08/18/2006 4:19:59 AM PDT by Liz (The US Constitution is intended to protect the people from the government.)
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To: Liz

Scumbags, all. Lowest of the low, to endanger our Troops and profit on their deaths. They should be executed.


13 posted on 08/18/2006 4:33:05 AM PDT by butternut_squash_bisque (The recipe's at my FR HomePage. Try it!)
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To: Liz

Make 'em test their vests.


14 posted on 08/18/2006 4:56:12 AM PDT by razorback-bert
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To: Terabitten

"Where the hell is Melville, L.I.?"

New York. Long Island.


15 posted on 08/18/2006 5:35:58 AM PDT by EQAndyBuzz ("If you liked what Liberal Leadership did for Israel, you'll LOVE what it can do for America!")
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To: razorback-bert

Sounds good to me.


16 posted on 08/18/2006 5:37:29 AM PDT by Liz (The US Constitution is intended to protect the people from the government.)
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To: Liz

When I'm King, these wise citizens will get to "test" a half a dozen of their own products each week.


17 posted on 08/18/2006 5:38:57 AM PDT by NaughtiusMaximus (WARNING: Alcohol may cause you to think you are whispering when you are definitely not.)
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To: Liz

Throw this woman in jail for insider trading.


18 posted on 08/18/2006 5:39:23 AM PDT by bmwcyle (Only stupid people would vote for McCain, Warner, Hagle, Snowe, Graham, or any RINO)
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To: Terabitten

Long Island.


19 posted on 08/18/2006 6:05:52 AM PDT by Christopher Lincoln
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To: Liz
U.S. prosecutors in Brooklyn said they're still investigating DHB, which last month reached a $35 million settlement with irate investors who accused executives of running a pump-and-dump scheme.

Lawyers get $34,995,000 and 2 million people get to split $5,000.


20 posted on 08/18/2006 6:21:29 AM PDT by petercooper (Is this where I get me a huntin' license?)
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To: EQAndyBuzz

So when did Long Island become a state?


21 posted on 08/18/2006 9:34:48 AM PDT by Mountain Troll
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To: Mountain Troll

"So when did Long Island become a state?"

Long Island is a state? I thought I wrote New York. Ahh.. I added Long Island after it to say what L.I. was.

There is also no Long Island, NY. It would be Melville, New York.


22 posted on 08/18/2006 10:16:25 AM PDT by EQAndyBuzz ("If you liked what Liberal Leadership did for Israel, you'll LOVE what it can do for America!")
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To: Liz

Put them in their useless vests and place them in front of a firing squad.


23 posted on 08/18/2006 10:29:13 AM PDT by SC DOC
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To: SC DOC

Okay by me.


24 posted on 08/18/2006 10:36:15 AM PDT by Liz (The US Constitution is intended to protect the people from the government.)
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