US Iraq war profiteer arrested


This video from the USA is called How George W Bush allows war profiteers to make $$$$$$.

From AlterNet in the USA:

One Down: Obscenely Decadent War Profiteer Hauled Off in Handcuffs

By Sarah Anderson. Posted October 26, 2007.

It looks like the party may be over for one corporate crook.

America’s most ostentatious war profiteer is no longer a free man. In a long-anticipated move, FBI agents arrested bulletproof vest maker David H. Brooks in his Manhattan apartment at dawn on Thursday. In the tradition of Al Capone [see also here], Brooks was nabbed on allegations of financial shenanigans, despite strong suspicions that the defense contractor has much more serious crimes on his hands.

Brooks emerged as the poster boy for shameless war profiteering in November of 2005 when he blew some $10 million in profits from military contracts on a celebrity-studded party for his daughter. Leaked details of the bash drew national attention, including a description of Brooks’ pink suede suit and photos of his daughter on stage with the rapper 50 Cent. A New York Times editorial compared Brooks to the ill-fated Marie Antoinette.

And indeed, while Brooks won’t face a guillotine for his greed, he could spend up to 70 years in prison if convicted of all charges. The 71-page indictment (PDF) alleges that while Brooks was chief executive of DHB Industries, a leading provider of military body armor, he pocketed more than $185 million from insider trading, fraud and tax evasion. He is also charged with using millions of dollars in DHB funds for personal expenses.

A sampling of the charges authorities say Brooks concealed from shareholders and the IRS:

* $7,900 for a facelift for Brooks’ wife
* more than $1 million for expenses related to his 100 trotting and breeding horses
* $101,190 for a belt buckle studded with diamonds, rubies and sapphires
* $101,500 for an armored vehicle for his family’s use
* more than $1 million for numerous family vacations, including frequent stays at the Bellagio in Las Vegas and various Caribbean and European villas
* $31,802 to transport one of his daughters and her college friends to Halloween parties in Madison, Wisconsin, using a private jet
* hundreds of thousands of dollars in bonus checks drawn on a DHB bank account handed out by Brooks at a company Christmas party to non-DHB personnel, including his horse trainer
* and of course the predictable $10,000 here, $5,000 there for purchases at Luis Vuitton, Gucci, Gianni Versace, and Prada boutiques around the world

What makes Brooks’ greed particularly obscene is that the bullet-proof vests that boosted his fortunes in the first place turned out to be not so bulletproof after all. In May 2005, the U.S. Marines recalled more than 5,000 DHB armored vests after they failed ballistics tests for stopping 9 mm bullets. As reported in a previous story for AlterNet, the Marine Corps Times revealed that Pentagon officials had dismissed repeated warnings by inspectors about deficiencies in DHB’s vests.

Brooks responded to the news that his company’s products were potentially endangering the lives of U.S. soldiers by taking his family on a Caribbean vacation. According to the indictment, he billed the company more than $100,000 in June 2005 for Learjet transportation and a two-week stay at a St. Johns villa.

In November 2005, the Marines and Army announced a recall of an additional 18,000 DHB vests. But even this news didn’t dampen the mood at Brooks’ infamous $10 million party a few weeks later.

Brooks update, June 2008: here.

Rumsfeld Hit With Torture Lawsuit While In Paris: here.

2 thoughts on “US Iraq war profiteer arrested

  1. No War: 10/27 National Mobilization to End the War in Iraq

    On Saturday, we’ll be marching across the country to end the disastrous War in Iraq and prevent an even more disastrous one in Iran.

    Why march over Iraq? Because over 3800 U.S. soldiers and over 1 million Iraqis have been killed. Because over 4 million Iraqis – 1 out of 6 – are refugees. Because four years of occupation have broken our military, made America less secure, and strengthened Al Qaeda. Because contractors like Blackwater are committing war crimes with impunity. Because the killings decrease after occupying troops leave. And because we can’t afford to occupy Iraq for another 10 years at a cost of $2.4 TRILLION.

    Why march over Iran? Because George Bush is talking about World War 3, and he’s insane enough to start it. Because the IAEA says Iran is not building nuclear weapons, and the CIA says it would take at least 5 years even if they started now. Because the people who want war with Iran are the same bloodthirsty neocons who got us into Iraq. Because any strike against Iran, no matter how precise, would be met with counterattacks on U.S. troops in Iraq, on the people of Israel, and on oil shipments that would double the price of oil. And because Iran has not threatened to attack the U.S. in any way.

    Tell your Representatives to join the 90 Members who will only provide funds for Iraq to bring our troops safely home:
    http://www.democrats.com/peoplesemailnetwork/115

    Tell your Representatives: Don’t Attack Iran
    http://www.democrats.com/peoplesemailnetwork/91

    March in the streets:
    http://www.oct27.org

    Like

  2. Pingback: Not enough water for US soldiers in Iraq | Dear Kitty. Some blog

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.