Body armor contractor convicted for $190 Million stock scam scheme

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NY jury convicts body-armor company founder of running $190 million stock scheme

The founder of America's leading supplier of body armor to the U.S. military was convicted Tuesday of charges that he ran a $190 million stock scheme.

David H. Brooks, founder and former chief executive of DHB Industries Inc., was convicted of 17 counts, including securities fraud and conspiracy. Prosecutors said he used the company treasury for personal luxuries, with more than $6 million in unauthorized expenditures.

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