Imprisoned founder of body armor company dies at 61
Source: Associated Press
Updated 3:22 pm, Saturday, October 29, 2016
DANBURY, Conn. (AP) David H. Brooks, the founder of America's leading supplier of body armor to the U.S. military, died in prison while serving a 17-year sentence for running a massive stock fraud scheme. He was 61.
The U.S. Bureau of Prisons confirmed Brooks died Thursday at the Federal Correctional Institution in Danbury, Connecticut. On Saturday, BOP spokesman Justin Long said, for privacy reasons, prison officials cannot release additional details.
Brooks' lawyer told Newsday that his client became ill Thursday and was taken to a hospital. He said it was unclear what led to his death.
. . .
Brooks, the founder and former chief executive of DHB Industries, was convicted in 2010 of securities fraud, conspiracy and other charges for masterminding a $185 million stock swindle and using the proceeds to pay for personal luxuries. Prosecutors said he threw extravagant bar and bat mitzvahs for his children in which entertainers such as Tom Petty, Aerosmith and the Eagles performed. They said he also bought a diamond-encrusted belt buckle in the shape of an American flag for more than $100,000.
Read more: http://www.chron.com/news/crime/article/Imprisoned-founder-of-body-armor-company-dies-at-10422288.php
TheDebbieDee
(11,119 posts)Wilms
(26,795 posts)I was just remembering this creep a few days ago while discussing war-profiteers.
The Chron seems interested that he swindled the stock-holding class, but not a word about the soldiers being put in even more harm's way.
Awful.
The suit was one of many the government filed in connection with a bulletproof material called Zylon, which was found to degrade when exposed to light, heat and humidity. In this case, the government claimed that Point Blank, which used the material in its vests, knew the material was defective but sold Zylon vests to the government anyway.
Several federal agencies are still regularly purchasing body armor and bulletproof vests from Point Blank. The company has sold the government $2.6 million worth of armor so far in the 2011 fiscal year, and $74 million worth the year before.
The U.S. Department of Justice is pursuing a suit in Washington against the material's manufacturer, Toyobo America Inc. The government has so far recovered $62 million from companies who imported the material, made vests or were otherwise involved in Zylon production, a Justice Department spokesman told Law360 Tuesday.
http://www.law360.com/articles/280326/body-armor-co-settles-defective-vest-claims-for-1m
Judi Lynn
(160,586 posts)The soldiers probably aren't worth consideration as they had no financial significance, apparently.
Disgusting, appalling, shameful.
When DID journalism start this slide into ruthless, depraved indifference to humanity, or are we all just starting to wake up?
Thank you for pointing out the part that MATTERS.
I won't miss this clown, wish we could have missed him before his dirty business ever condemned so many lives to die for his greed.
MADem
(135,425 posts)DRAGONSKIN sent over by their families because the other stuff was either back ordered or defective, too. Remember how the vest that Turkey Day George Bush was given got STOLEN by someone? It was probably someone who wasn't issued a vest and needed one.
mountain grammy
(26,636 posts)and the conviction because it's seems to be a rare thing when CEO's go to prison.
msanthrope
(37,549 posts)forest444
(5,902 posts)His death was, shall we say, convenient to quite a few Bush officials and war profiteers.