04.

DADDY'S $10M 'BAD' MITZVAH

PLUNDER RAP FOR GI-ARMOR BOSS

By SELIM ALGAR and ANDY
GELLER

October 26, 2007 -- The former CEO of the
leading supplier of body armor to U.S. soldiers in Iraq was
charged yesterday with looting the company to bankroll a lavish
lifestyle that included a $10 million bat mitzvah for his
daughter.

In addition to the bat mitzvah - which
included performances by Aerosmith, 50 Cent, Tom Petty, Kenny G
and the Eagles - prosecutors said David Brooks got the firm, DHB
Industries, to pay for other goodies.

Among them were a face lift for his
ex-wife; vitamins for his stable of 100
horses; pricey vacations; fancy jewels;
an armored car; a $194,000 Bentley; and a $100,000 diamond-studded
belt buckle.

The elaborate scheme exploded yesterday
when federal prosecutors unsealed a
21-count indictment accusing Brooks, 53, of securities fraud,
insider trading, tax evasion and obstruction of
justice. If convicted, he could spend
the rest of his life behind bars.

Sandra Hatfield, 54, the company's former chief
operating officer, was hit with similar charges.

Brooks founded DHB, which moved from Westbury,
L.I., to Pompano Beach, Fla., last year, and served as its chairman and
chief executive officer. He resigned last year as the scandal erupted.

According to the indictment, Brooks lined his
pockets by having DHB underwrite his lifestyle and by artificially inflating the value of company stock.

He allegedly reaped $185 million by selling DHB
stock when he learned that 6,000 bullet-proof vests the company made
were about to be recalled for being faulty and not able to block
bullets.

Hatfield, who left the firm in 2005, allegedly
made $5 million in the scheme.

Brooks also was accused of evading taxes by giving money to charities he ran.

Brooks made headlines in November 2005, when he
rented two floors of the Rainbow Room for the bat mitzvah of his
daughter, Elizabeth.

He reportedly sent the company jet to fly
Aerosmith in from Pittsburgh, paying them a
cool $1 million. In return, they let his nephew play drums.

In honor of the band's appearance, Brooks changed
from a black leather suit into a magenta suede biker outfit covered with
chains.

The indictment said the body-armor tycoon spent
$122,000 of company cash on iPods and digital cameras for his guests. It
also revealed he shelled out $20,000 for leather-bound invitations to
his son's bar mitzvah in 2000.

Brooks pleaded not guilty at his arraignment in
federal court in Central Islip, L.I., and was held without bail pending
a hearing Monday.

His lawyer, Paul Shechtman, said Brooks "grew up
in Brooklyn and that means he doesn't run away from a fight."

Shechtman asked for bail of a mere $50 million.
Prosecutor John Martin asked that no bail be granted, calling Brooks a
serious flight risk.

"In my opinion, he will spend the rest of his
life in jail," the prosecutor said. "Every couple of months, we uncover
new crimes and new frauds he has committed."

Hatfield is expected to be arraigned next week.

The indictment accuses Brooks and Hatfield of falsely inflating the value
of the inventory of DHB's top product, the Interceptor vest, to
help meet earnings projections.

The scheme boosted the company's stock from
$2 a share in early 2003 to nearly $20 a share in late 2004.

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