are being lined here. of course there is evidence OTHER body armor is more effective than this. not only won't the military appropriate the other armor, but it won't allow service member's familes (or friends) to ship the other armor to their deployed loved ones.
Two former body armor company execs indicted for insider trading, fraud
By FRANK ELTMAN
CENTRAL ISLIP, N.Y. (AP) - Two former top executives of the leading supplier of body armor to the U.S. military were indicted today on charges of insider trading, fraud and tax evasion in a scheme that netted them nearly $200 million, federal prosecutors said.
David H. Brooks, 53, the former CEO of DHB Industries Inc., and Sandra Hatfield, 54, the former chief operating officer, were charged in a superseding indictment with manipulating DHB's financial records to increase earnings and profit margins, thereby inflating the price of DHB's stock.
"Corporate executives who line their own pockets at the expense of their shareholders flaunt the responsibilities they owe their companies and the investing public," U.S. Attorney Benton J. Campbell said in a statement.
The former DHB executives are accused of falsely inflating the value of the inventory of DHB's top product, the Interceptor vest, to help meet profit margin projections. The vest, designed to withstand rifle fire and shrapnel, was made for the Marine Corps and other branches of the military...............
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2 comments:
That's pretty worrisome. By the way, you should check out the Wounded Warriors Project. It's a non-profit organization dedicated to raising awareness for U.S. troops severely wounded in Iraq and Afghanistan. It really puts a face on the cost of this conflict. Here's a link:
http://www.woundedwarriorproject.org/aarwebshow
Jeff
yes it's more than worrisome. i'll check out wounded warriors. thanks so much jeff
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