Home » Posts tagged 'Cary Chasin'

Tag Archive


Afghanistan Agility/PWC/GCC Army CID* Army Criminal Investigation Command* Blackwater/Xe Burn Pits Cheryl Harris Chromium-6 Commission on Wartime Contracting David Isenberg* DCAA* DLA* DoD* DoDIG* DoJ* DoS* DynCorp* DynCorp CIVPOL* Electrocutions/Shocks Employee Issues-KBR False Claims Act Fluor* GAO Halliburton Hexavalent Chromium Holidays* Human Trafficking Indiana National Guard Iraq Jamie Leigh Jones KBR LAWSUITS Lawsuits Against KBR LOGCAP LOGCAP IV Oregon National Guard Pentagon Personal POGO Qarmat Ali Rape Reports & Investigations SIGIR Sodium Dichromate U.S. Department of Justice (DoJ)

Three Former Directors at Military Body Armor Supplier Settle SEC Charges

(SEC) – Washington, D.C. – November 10, 2011 – The Securities and Exchange Commission today announced that three former directors have agreed to more than $1.6 million in monetary sanctions to settle charges that they were involved in an accounting fraud at a major supplier of body armor to the U.S. military and law enforcement agencies.

The settlements agreed to by Cary Chasin, Jerome Krantz and Gary Nadelman – former members of the board of directors at Pompano Beach, Fla.-based DHB Industries – would impose permanent officer-and-director bars in addition to the monetary sanctions. The settlements are subject to court approval.

“These directors failed to comply with their responsibilities by ignoring the repeated red flags of the massive accounting fraud that senior management orchestrated at DHB,” said Eric I. Bustillo, Director of the SEC’s Miami Regional Office. “While we won’t second guess the good-faith efforts of most company directors, we will hold accountable those who completely abdicate the duties they owe to the companies and shareholders they represent.”

Earlier this year, the SEC separately charged DHB Industries and Chasin, Krantz and Nadelman. The SEC previously charged former DHB CEO David Brooks as well as two other former DHB senior officers for their roles in the fraud. DHB Industries is now known as Point Blank Solutions.

Read the remainder of this entry »

The naked truth about transparency and other news…

If transparency—including public access to past performance information—were added to the process, maybe the government would be deterred from awarding taxpayer dollars to risky contractors and the contractors would improve their performance. But then again, maybe these contractors are too big too fail. –  Scott Amey, General Counsel Project On Government Oversight (POGO)

The Dog Ate My Performance Report

In brig, WikiLeaks suspect Bradley Manning ordered to sleep without clothing
Ellen Nakashima – (Washington Post) – March 6, 2011 – Military jailers are forcing Bradley Manning, the 23-year-old soldier accused of passing classified documents to WikiLeaks.org, to strip naked in his cell at night and sleep without clothing, a requirement his attorney says was imposed after Manning made a “sarcastic quip” about his confinement.

For most of the past eight months, Manning has been required to sleep wearing only boxer shorts, because of his status as a detainee under “prevention of injury watch,” said 1st Lt. Brian Villiard, a spokesman for the military detention facility, or “brig,” in Quantico. Beginning Wednesday night, the facility commander ordered that Manning turn over his boxers, too.

“The intention is not to cause any sort of humiliation or embarrassment,” Villiard said. “The intention is to ensure the safety and security of the detainee and make sure he is able to stand trial.”

Villiard said he could not explain how Manning might harm himself if he were allowed to keep his underwear, citing rules to protect detainees’ privacy. All he could say was that “circumstances warranted” the measure, which was ordered by the brig commander, Chief Warrant Officer 2 Denise Barnes. The requirement will remain in effect until a review next week, he said.

But Manning’s attorney, David E. Coombs, said he thought the order was “punitive” under the “guise of being concerned” about Manning’s welfare. (Click HERE for article)

Lawmakers criticize military funeral protesters
Ben Terris – (National Journal) – March 4, 2011 – Members of the Westboro Baptist Church, who won a Supreme Court ruling this week supporting their right to protest military funerals, are misusing their right to free speech, say Senate Armed Services Committee members Sen. Joe Manchin, D-W.V., and Sen. Mark Begich, Alaska.

Read the remainder of this entry »