Ex-DHB CEO Convicted In $190M Stock Scheme

Law360, New York (September 14, 2010, 5:14 PM EDT) -- A federal jury in New York on Tuesday convicted David Brooks, former CEO of body-armor maker DHB Industries Inc., of insider trading, fraud and obstruction of justice.

Ending deliberations that began Aug. 2, a jury in the Central Islip, N.Y. branch of the U.S. District Court for the Eastern District of New York convicted Brooks, 55, and DHB's s former Chief Operating Officer Sandra Hatfield, 56.

Prosecutors say the two made $190 million by falsifying accounting records and selling their overvalued stock in DHB, which sold...
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