Feds arrest former DHB chief
http://www.newsday.com/business/by-bzdhb1016,0,4691820.story?coll=ny-jets-print

The former head of the Long Island company that provided most of the body armor for U.S. soldiers in Iraq and Afghanistan was arrested at dawn Thursday in his Manhattan apartment by FBI and IRS agents on charges of fraudulently looting the company and investors to pay for a lavish lifestyle.

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That lifestyle included supporting a stable of trotting horses; a face-lift for his wife; a diamond, ruby and sapphire-encrusted belt buckle in the shape of an U.S. flag; and an $8 million bat mitzvah for his daughter, which featured music stars including 50 Cent and Kenny G, according to Benton Campbell, the U.S. attorney for the eastern district.