Ex-DHB Execs Hit With Criminal Charges

Law360, New York (August 17, 2006, 12:00 AM EDT) -- Two former top executives at DHB Industries Inc.—a leading manufacturer of body armor for the U.S. military—have been arraigned on criminal charges, accused of inflating the company’s earnings and profits and reaping a total of $8 million dollars from insider-trading.

Dawn Schlegel, DHB’s former chief financial officer, and Sandra Hatfield, DHB’s former chief operations officer, have been charged with conspiracy to commit securities fraud, securities fraud and insider-trading. Schegel and Hatfield face the possibility of 25 years in jail on each of the conspiracy and securities...
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