The hammer is finally dropping on David H. Brooks, the war profiteer who squandered $10 million on his daughter Lizzy’s highly publicized bat mitzvah last year.
GNN reports,

As of this week, [Brooks’] reign as America’s most ostentatious war profiteer does appear to be over. On July 10, the DHB Board of Directors issued a terse statement to the effect that Brooks had been put on indefinite “administrative leave” pending the outcome of unspecified investigations.
The Justice and Defense Departments are jointly investigating Brooks for possible criminal fraud and insider trading. The SEC had already been looking into the company in response to shareholder lawsuits charging that DHB execs carried out a “pump-and-dump” scheme to artificially inflate profits before selling off a boatload of their stock in 2004. Brooks personally sold about $186 million worth, shortly before the share price plummeted from about $22 to around $10. Today it’s selling over the counter for less than $1. The company was booted from the American Stock Exchange last month for blowing off reporting deadlines.

Full story.
Now if only we could nail him for inspiring Keeping Up With The Steins.