Solution-Analyse and explain the fraud committed by David

Analyse and explain the fraud committed by David Brooks

Reference no: EM133171313

Question - On February 28, 2011, the SEC charged DHB Industries Inc. (DHB), a major supplier of body armour to the U.S. military and law enforcement agencies, with engaging in a massive accounting fraud. The SEC also charged three of the company's former outside directors and audit committee members for their complicity in the fraud. The SEC complaint also alleged that the directors' actions allowed DHB's David Brooks, Dawn Schlegel and Sandra Hatfield to divert corporate funds to a controlled entity for personal gain. Hatfield and Brooks were convicted in September 2010 on various charges arising out of a $200 million fraud. Using fraud theory, analyse and explain the fraud committed by David Brooks.

Reference no: EM133171313

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Analyse and explain the fraud committed by David Brooks

Reference no: EM133171313

Reference no: EM133171313

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