Daily Revolt

January 05, 2008

'War Profiteer' out on $400 Million Bond

ABC Blotter:
David Brooks, the founder of a manufacturer of bulletproof vests for U.S. troops in Iraq, has been called a "war profiteer" by critics, was recently charged by the U.S. government with defrauding shareholders and, according to that indictment, allegedly spent $10 million in company funds on his daughter's Bat Mitzvah. And now he has been given the toughest bail terms the U.S. Attorney for the Eastern District of New York has issued in recent memory, according to multiple sources.

Brooks, the founder and former CEO of DHB Industries, has secured a $400 million bond with $48 million in assets and agreed to home confinement terms that include paying for an armed security guard to search each visitor who enters or leaves his home and a firm to monitor each telephone call and any use of the Internet.

The terms agreed to by Brooks and approved by a federal court judge Thursday are stricter than those given to mobsters, including John Gotti Jr., and other celebrity and white-collar defendants, such as Martha Stewart and Dr. Dre.

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