The U.S. invasion of Iraq combined with the American-led war in Afghanistan provided a great profit opportunity for the body armor manufacturer DHB Industries, which offered the military a needed, life-saving product. David H. Brooks, DHB's founder and then-CEO, took this opportunity to instead inflate his company's value through false claims of larger inventory, squirrel away wealth through falsified tax forms, trade on insider knowledge, exploit the patriotism of people who thought they were investing in American soldiers, and then skip out on the company that bears his name right before revelations of his fraud sent the stock price tumbling down to pennies a share. Yesterday he was sentenced to 17 years in prison.
Brooks's fraud fortunately didn't involve making sub-par armor. The Interceptor Body Armor DHB produced has largely been replaced by the "Improved Outer Tactical Vest," made by (among others) Brooks's former company, since renamed Point Blank Solutions, Inc.
"Brooks's fraud fortunately didn't involve making sub-par armor." [implying the safety of soldiers was not lowered]
That's a questionable observation. Whenever you divert funds to fraud or waste, it is a lost opportunity to spend them on something better.
Maybe that money could have bought better armor, or other alternatives which helps protect soldiers (armor for vehicles, better rotation for soldiers from the field, ...).
I'm pretty sure that quote is in reference to the military getting the specifications they were promised, rather than making sub-par armour and passing it off as higher quality. The integrity of the armour was never compromised, the government just had to pay extra for what they were promised because of someone skimming off the top.
Grab, as long as you don't get caught. That's the global wisdom.