• Ex-Chief Of U.S. Military Supplier To Go To Prison For Insider Trading
    3 replies, posted
[quote]The U.S. invasion of Iraq combined with the American-led war in Afghanistan provided a great profit opportunity for the body armor manufacturer DHB Industries, which offered the military a needed, life-saving product. David H. Brooks, DHB's founder and then-CEO, took this opportunity to instead inflate his company's value through false claims of larger inventory, squirrel away wealth through falsified tax forms, trade on insider knowledge, exploit the patriotism of people who thought they were investing in American soldiers, and then skip out on the company that bears his name right before revelations of his fraud sent the stock price tumbling down to pennies a share. Yesterday he was sentenced to 17 years in prison.[/quote] [url]http://www.popsci.com/technology/article/2013-08/body-armor-company-founder-not-court-proof[/url]
Serves him right. Honestly, its beyond me how companies get away with ripping the government off so badly. On my boat, we have fucking ball lock pins that cost a few hundred dollars a piece. And thats only the tip of the iceberg.
[QUOTE=Jetblack357;41886581]Serves him right. Honestly, its beyond me how companies get away with ripping the government off so badly. On my boat, we have fucking ball lock pins that cost a few hundred dollars a piece. And thats only the tip of the iceberg.[/QUOTE] Because it's not Congressman Dickcheese's or General Wiener-butt's money, so if you give them even a fraction of the amount of money you make (often in the form of jobs that require no work being offered after they leave public office) they will happily hand over the taxpayers money.
[QUOTE=zakedodead;41886724]Because it's not Congressman Dickcheese's or General Wiener-butt's money, so if you give them even a fraction of the amount of money you make (often in the form of jobs that require no work being offered after they leave public office) they will happily hand over the taxpayers money.[/QUOTE] i really wish this wasn't true.
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