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Old 10-29-2007, 11:52 PM   #1 (permalink)
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Thumbs down $10 Million Bat Mitzvahs Are More Important Than Officers' Lives

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Scandalous $10 Million Bat Mitzvah
David Brooks of DHB Industries Arrested for Embezzling Company Funds

The headliners read like a who's who of music: Aerosmith, 50 Cent and Don Henley of the Eagles.

No, it wasn't the Grammys, it was 13-year-old Elizabeth Brooks' birthday party -- a $10 million mega bat mitzvah. Aerosmith alone was paid a $1 million to perform -- flown in on her father's company jet.

Her father is David Brooks, who was then the CEO of DHB Industries, the leading body armor provider to U.S. soliders in Iraq. And he had his company pick up the tab for the party two years ago, according to investigators.

This week, the former CEO was indicted on 21 counts of alleged securities fraud, insider trading, tax evasion and obstruction of justice. Authorities say he inflated his company stock and bilked his firm out of tens of millions of dollars to bankroll his fairy tale lifestyle.

"Right off the bat, he's going to have a problem with the jury that's going to be able to comprehend spending $10 million on a bat mitzvah, when most people won't ever see $10 million in their lifetime," defense attorney Joe Tacopino said.

Brooks is accused of getting his company to pay for his ex-wife's facelift, a $200,000 Bentley, and even a $100,000 belt buckle.

The criminal charges center around the claim that Brooks cashed in $185 million worth of stock just before the New York Police Department recalled 6,000 of his company's defective vests.

Tests showed that a quarter of the Interceptor vests worn by New York's finest were defective.

"This is another form of corporate irresponsibility, of where corporate officers knowingly ship defective products in order to boost the revenue of the company to benefit themselves financially," shareholders' attorney Bill Lerach told ABC's Brian Ross in 2002.

In 2004, DHB Industries was awarded a $200 million contract to provide body armor to the U.S. military for soldiers fighting on the front lines in Iraq and Afghanistan.

But in May of 2005, the Marine corps announced a recall of more than 5,000 DHB Industries vests as government tests showed the critical life-threatening flaws.

If convicted, Brooks could spend rest of his life in jail.
Link: ABC News: $10M Bat Mitzvah -- and Now He May Pay

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Old 10-29-2007, 11:57 PM   #2 (permalink)
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If convicted, Brooks could spend rest of his life in jail.
haha ouch!

I suggest he invests in some Vaseline



Ps: I saw Rob "Maximus" Mcdonald at the mall today....
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Old 10-30-2007, 03:05 AM   #3 (permalink)
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How the hell could he sleep at night?? Troops and police officers defending his way of living and basically allowing him to live the expensive rip off life he is living and all he does is provide them with a false sense of security. Thats so heartless and gutless its sick. A $200M contract wouldve set him pretty straight but that wasnt enough. people who deserve to be exposed are always stupid enought to expose themselves.
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Old 10-30-2007, 08:09 AM   #4 (permalink)
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That's the culture of entitlement everybody. Some of the bat/bar mitzvahs my friends described to me in college, I was reeling. They get albums/videos etc. like it's a wedding.
rob mcdonald was the bald dude who tore a shoulder muscle badly right?
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Old 10-30-2007, 08:11 AM   #5 (permalink)
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No way!!!! was his labrum fixed??? (remember it got torn so badly it was down toward his bicep) and why does that sound so gross?
Sorry about the double post.
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Old 10-30-2007, 01:13 PM   #6 (permalink)
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Yeah thats him, I saw him at GNC, he was wearin his UFC sweater and some bum pants, nice guy
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Old 10-30-2007, 03:08 PM   #7 (permalink)
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They should rescind the bat mitzvah - so if it was a coming of age thing, going from girl to woman - now she goes back.

(I know it was her dad's fault not hers - but thats what the money was spent on.)
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Old 10-30-2007, 03:14 PM   #8 (permalink)
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Man thats ridiculous. The government contracts to help fund this war are being handed out left and right and it seems as though they don't really understand who they're giving $ to.
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Old 10-30-2007, 03:31 PM   #9 (permalink)
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Damn 10,000,000 dollars, I think my dad has only made like 1,000,000 in his 40 year career.
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Old 10-30-2007, 04:04 PM   #10 (permalink)
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Quote:
Originally Posted by kds13
Man thats ridiculous. The government contracts to help fund this war are being handed out left and right and it seems as though they don't really understand who they're giving $ to.
Exactly, seems like years and years of noticeable "redflags". For such a high quantity item, I'm wondering if the government received a shipment of test-vests before blindly ordering 5,000 pcs (then testing them). If that's how a guy like Brooks was approached, of course he's going to rip them off. If small manufacturers can muster up enough resources to follow procurement protocol before binding deals I don't understand how it got passed round 1. It makes you wonder who looks worst, David Brooks, or the Gov't for falling for such an avoidable scam. Look at all the charges Brooks will be facing, after the gov't got scammed, after the gov't had already got in bed with him... He should've already been in jail.
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