Two former executives of DHB Industries Inc., a major supplier of body armor to the U.S. military and police forces, were arrested on Thursday on insider trading charges, authorities said. Federal prosecutors in Brooklyn accused former CFO Dawn Schlegel and former COO Sandra Hatfield of inflating the company's earnings and profit margins by millions of dollars between 2003 and 2005, then selling their own stock for an $8 million profit. The SEC has filed related civil charges against the pair.
August 18, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Two former executives of DHB Industries Inc., a major supplier of body armor to the U.S. military and police forces, were arrested on Thursday on insider trading charges, authorities said.
Federal prosecutors in Brooklyn accused former Chief Financial Officer Dawn Schlegel and former Chief Operating Officer Sandra Hatfield of inflating the company’s earnings and profit margins by millions of dollars between 2003 and 2005, then selling their own stock for an $8 million profit.
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