David Brooks, a mogul in the body armour industry, has been convicted of stealing from his company.
Prosecutors proved that Brooks shelled out more than $6 million from the treasury of DHB Industries Inc. on luxuries, which also included cosmetic surgery for his wife, country club bills, a jeweled belt buckle worth about $100,000 and prostitutes for his employees.
Brooks, 55, who founded DHB, made a fortune selling bulletproof vests and body armour to police departments and the U.S. military.
Over the years, body armour has received a lot of buzz — namely because everyone support more of it — but DHB was not able to capitalise.
According to a report from earlier this year, Brooks made $190 million selling shares of the company, which ultimately went bust, filling for Chapter 11.