In a deal struck on Monday, the family of the late David H. Brooks forfeited more than a dozen pricey watches and pieces of jewelry, some of which resemble the Rolling Stones’ lips-and-tongue logo.
“The estate of a crooked military contractor from Long Island — who once blew $10 million on an over-the-top bat mitzvah party for his daughter — has agreed to cough up a treasure trove of loot he scammed from his company and investors,” the New York Post intoned.
Also being turned over to the federal authorities are reportedly a 2006 Bentley and a 2005 Ferrari, 3,500 Krugerrand gold coins and a chromed replica of Wall Street’s famed “Charging Bull” statue. In addition, Brooks’ family gave up their claims to nearly 20 bank and investment accounts worth more than $143 million, the Post reported.
In exchange, the story continued, ex-wife Terry Brooks and his three grown children — daughters Victoria and Elizabeth, and son Andrew — will get around $24.8 million in cash “and a handful of luxury goodies. They include a pair of his-and-hers Patek Phillipe gold timepieces and a belt buckle “studded with diamonds, rubies and sapphires, ” which is likely the $100,000, American-flag-style accessory that Brooks wore to Elizabeth’s bat mitzvah in 2005.”
It was two years ago that Brooks, a former military contractor who was found guilty of insider trading and fraudulently enriching himself through company funds, died in prison in Danbury, Conn., at age 61.
Brooks was the founder and former chief executive of DHB Industries, one of the largest makers of bullet-resistant vests and other body armor used by the military and law enforcement. He was serving a 17-year sentence after being convicted in 2010 for his role in what prosecutors described as a $200 million fraud.
“DHB Industries made body armor that protected the men and women of the U.S. military, who risk their lives to keep us safe. To David Brooks, it was merely a vehicle for plunder and a means to feed his own greed. Brooks fancied himself a master of the sport of kings. In reality, he was a selfish man who looted his company, defrauded his investors, lied to the SEC and the investing public, and sought to profit through insider trading right before the collapse of his house of cards. And he demonstrated time and time again that he believes he is above the law. Today, David Brooks learned otherwise,” stated then-U.S. Attorney Loretta Lynch, in August of 2013.
“During an eight-month trial, spectators were riveted by testimony detailing Mr. Brooks’s lavish lifestyle,” the New York Times reported at the time, “which had captured the attention of the tabloids when he threw what was rumored to be a $10 million bat mitzvah party for his daughter featuring the rapper 50 Cent and the rock group Aerosmith.”
The disgusting bat mitzvah in question, which was held at the famed Rainbow Room, included performances by Aerosmith, 50 Cent and Tom Petty, with guests receiving $1,000 gift bags containing goodies like digital cameras and iPods.
By Kenneth Robeson