8.03.2010

Why exactly is defense spending sacrosanct? 'Cause it keeps hookers employed.

CBS

The former CEO of a body armor company supplying troops in Iraq and Afghanistan is on trail for fraud, insider trading and embezzlement to the tune of nearly $200 million - $6 million in reckless spending on a company expense account and $190 million in stock fraud.

David H. Brooks, who led armor company DHB until 2006, allegedly used company money for luxury cars, extravagant parties, "university textbooks for his daughter, pornographic videos for his son, plastic surgery for his wife, a burial plot for his mother, prostitutes for his employees, and, for him, a $100,000 American-flag belt buckle encrusted with rubies, sapphires and diamonds," according to the New York Times.

No comments: