Jury selection begins for Brooks fraud trial

from the USTA Communications Department

Columbus, OH — Jury selection began Tuesday for the security fraud trial of David Brooks, who allegedly looted the body armor company he founded, DHB Industries, of $186 million, according to a report on Newsday.com.

Brooks, an Old Westbury, N.Y. resident who was involved in harness racing under several stables, most notably Perfect World Enterprises, was indicted in 2007. His trial is being held in U.S. District Court on Long Island.

Earlier Tuesday, a federal prosecutor asked the trial’s judge to order Brooks and several of his relatives to forfeit a $400 million bond they guaranteed to allow Brooks to remain free on bail. The request was made after Brooks was arrested Jan. 15 for allegedly violating the condition of his bail by concealing millions of dollars of assets overseas.

According to Newsday, the judge reserved the decision and would issue an opinion at a later time.

Perfect World Enterprises, which included Brooks’ wife Terry, owned Dan Patch Award-winning pacers Timesareachanging (2004) and I Am A Fool (2003) in addition to past standouts such as Western Terror, Grinfromeartoear, and Like A Prayer.

Brooks’ brother, Jeffrey, races under the Bulletproof Enterprises stable name. Bulletproof Enterprises owns more than 400 horses, including 2009 Dan Patch Award-winning pacer Yellow Diamond and stakes winners If I Can Dream, Not Enough and Showherthemoney.

Terry Brooks is listed as an owner with several stables, including Tactical Armor Products Inc., which bred If I Can Dream, and Tactical Armor Enterprises, which bred Not Enough.

For more from Newsday.com, click here.

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