Tuesday, October 30, 2007

DADDY'S $10M 'BAD' MITZVAH

The former CEO of the leading supplier of body armor to U.S. soldiers in Iraq was charged yesterday with looting the company to bankroll a lavish lifestyle that included a $10 million bat mitzvah for his daughter.

In addition to the bat mitzvah - which included performances by Aerosmith, 50 Cent, Tom Petty, Kenny G and the Eagles - prosecutors said David Brooks got the firm, DHB Industries, to pay for other goodies.

Among them were a face lift for his ex-wife; vitamins for his stable of 100 horses; pricey vacations; fancy jewels; an armored car; a $194,000 Bentley; and a $100,000 diamond-studded belt buckle.

The elaborate scheme exploded yesterday when federal prosecutors unsealed a 21-count indictment accusing Brooks, 53, of securities fraud, insider trading, tax evasion and obstruction of justice. If convicted, he could spend the rest of his life behind bars.

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