Former DHB Execs Indicted For Fraud, Insider Trading

Law360, New York (October 25, 2007, 12:00 AM EDT) -- New York prosecutors have accused two former executives of body armor manufacturer DHB Industries Inc. of a number of criminal charges, including securities fraud, insider trading, obstruction of justice and tax evasion.

The U.S. Attorney for the Eastern District of New York unsealed a 21-count superseding indictment on Thursday, alleging that DHB’s founder and former chief executive, David H. Brooks, and the company’s former chief operating officer, Sandra Hatfield, conspired to inflate DHB’s earnings, enrich themselves and their families, and hide income from the Internal Revenue...
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