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Contractor Guilty Of Looting Company To Pay For Lavish Lifestyle, Ruby-Encrusted Flag Belt Buckle

Rachel Slajda | September 14, 2010, 3:42PM

David H. Brooks. On the right, with co-defendant Sandra Hatfield and the $100k buckle.

David H. Brooks, a former contractor who supplied the military with body armor, was found guilty today on 17 counts, including fraud and insider trading, after allegedly stealing millions of dollars from his company and bilking his shareholders.

Prosecutors say Brooks used corporate funds from his company, DHB Industries, to fund a conspicuously lavish lifestyle, complete with luxury cars, thoroughbred racehorses, plastic surgery for his wife, prostitutes for his employees, a $10 million bat mitzvah for his daughter and a $100,000 diamond, sapphire and ruby-encrusted belt buckle in the shape of the American flag.

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Topics: Contractors, DHB, David H. Brooks, Ethics

David H. Brooks

Contractor On Trial For Buying Porn, Prostitutes And $100K Flag Belt Buckle

Rachel Slajda | July 27, 2010, 11:06AM

David H. Brooks. On the right, with co-defendant Sandra Hatfield and the $100k buckle.

The former head of a military contractor is on trial in Long Island for fraud, having allegedly used company funds to buy porn for his son, a burial plot for his mother, prostitutes for his employees and a ruby-encrusted American flag belt buckle worth $100,000.

David H. Brooks, the founder and former chief of body armor manufacturer DHB, is facing charges of fraud, insider trading and using millions of dollars in corporate cash to fund, as the New York Times puts it, "personal extravagance."