Skip to comments.DHB UNDER FIRE; ARMOR CO. EXECS CHARGED WITH COOKING BOOKS (provided shoddy armor for US troops)
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 ...
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.
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.
"rapper 50-Cent, Kenny G"
Wow. All over the board!
Where the hell is Melville, L.I.?
Poor choice of words, considering the subject.
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.
New York. L.I. is Long Island.
Ah, thank you.
I've never been to NYC - nor do I want to. Thanks for the clarification.
Wow. All over the board!
They like gangsta jazz.
I might go, if given the opportunity to beat these clowns with their own vests.
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.
Scumbags, all. Lowest of the low, to endanger our Troops and profit on their deaths. They should be executed.
Make 'em test their vests.
"Where the hell is Melville, L.I.?"
New York. Long Island.
Sounds good to me.
When I'm King, these wise citizens will get to "test" a half a dozen of their own products each week.
Throw this woman in jail for insider trading.
Lawyers get $34,995,000 and 2 million people get to split $5,000.