DHB Founder Gets 17 Years In Prison For Insider Trading

Law360, New York (August 16, 2013, 1:40 PM ET) -- A New York federal judge on Thursday sentenced DHB Industries Inc. founder and convicted insider trader David Brooks to 17 years in prison and ordered him to pay more than $70 million, all but bringing to a close allegations that he siphoned millions from the military body armor supplier.

The sentence relates to a  $190 million fraud, which netted Brooks various fraud, insider trading and obstruction of justice charges for falsifying financial records in order to artificially inflate the DHB's stock and then shed his shares....
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers