The defence and the prosecution have now rested in the trial of former racehorse owner David Brooks

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A report by newsday.com explains that Brooks, the former head of then Westbury-based DHB Industries, is charged in a 17-count indictment essentially with looting his company of $6 million to support an over-the-top lifestyle, pocketing another $185 million through a pump-and-dump stock scheme, and then forging documents to supposedly justify his actions.

Sandra Hatfield, a co-defendant in the trial, was DHB's former chief operating officer. She was once the highest-paid female executive on Long Island. She faces charges similar to Brooks' and is accused of getting about $5 million through the allegedly fraudulent stock scheme.

The newsday.com article clearly mentions in its report that there has been no suggestion during the trial that any of the body armor the company produced for members of the U.S. military serving in Iraq and Afghanistan is in any way defective.

The report also states that even if he is acquitted, Brooks, who has been held without bail for allegedly lying about overseas assets, still faces two more federal trials, one of which involves contempt for declining to reveal the source of an email that allegedly dealt with government witness Dawn Schlegel's sex life.

Brooks also faces a federal trial for income tax evasion.

(With files from newsday.com)