$10 million dollars for a teenage daughter's birthday party with entertainment by Stevie Nicks, Don Henley, Aerosmith, and 50 Cent. And all paid for with proceeds from selling . . . defective body armor to our troops!
From the Trentonian:
This guy should rot in prison (up to 70 years* if convicted), but as the poster at Daily Kos pointed out, in the Bush Administration he'll probably get the Presidential Medal of Freedom.
David H. Brooks, 53, the former CEO of DHB Industries Inc., and Sandra Hatfield, 54, the former chief operating officer, were charged in a superseding indictment with manipulating DHB's financial records to increase earnings and profit margins, thereby inflating the price of DHB's stock.
"Corporate executives who line their own pockets at the expense of their shareholders flaunt the responsibilities they owe their companies and the investing public," U.S. Attorney Benton J. Campbell said in a statement.
The former DHB executives are accused of falsely inflating the value of the inventory of DHB's top product, the Interceptor vest, to help meet profit margin projections. The vest, designed to withstand rifle fire and shrapnel, was made for the Marine Corps and other branches of the military.
*and please note, that doesn't include any charges for minor things like, say, war profiteering, defrauding the federal government, and criminal negligence for knowingly selling defective body armor to the armed forces.
UPDATE: Photo removed. Looks like the picture I had was the wrong David H. Brooks.