Former Westbury body-armor company CFO barred by SEC
Dawn Schlegel leaves Federal Court in Central Islip on March 17, 2010. Credit: Ed Betz
The former chief financial officer of a body-armor company once based in Westbury has been barred from practicing before the Securities and Exchange Commission.
Dawn Schlegel, who served as CFO of DHB Industries Inc. from September 1999 through April 2006, pleaded guilty in 2007 to one count of conspiracy to commit securities fraud and one count of conspiracy to commit tax fraud. The order issued Friday that prohibits Schlegel from appearing before the agency cited her felony conviction entered in U.S. District Court in Central Islip in April.
In November 2014, the certified public accountant was sentenced to time served and 3 years of supervised release. She and two other former DHB executives, chief executive David Brooks and chief operating officer Sandra Hatfield, were ordered to pay $53.9 million in restitution to the company.
Schlegel's attorney, Steven G. Kobre, was not immediately available for comment.
Brooks and Hatfield remain in federal prison in connection with a scheme to rob the company through securities fraud and unauthorized compensation. In August 2013, Brooks was sentenced to 17 years in prison and 5 years of supervised release. In May 2014, Hatfield was sentenced to 7 years in prison and 3 years of supervised release.
In July 2006, DHB relocated its headquarters from Westbury to Pompano Beach, Florida. In October 2007, DHB changed its name to Point Blank Enterprises Inc.
DHB manufactured body armor for U.S. troops in Iraq and Afghanistan; Point Blank continues to make bullet-resistant vests for customers including the New York City Police Department.
Ken Schachter covers corporate news, including technology and aerospace, and other business topics for Newsday. He has also worked at The Miami Herald and The Jerusalem Post.
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