in jail?

David Brooks, notorious for spending more than $10 million on his daughter’s bat mitzvah two years ago, was arrested Thursday on a 21-count indictment from federal prosecutors including charges of securities fraud, insider trading, tax evasion, and obstruction of justice. Apparently the funds for the party came from DHB Industries, the body amour company he used to run:

Brooks made headlines in November 2005, when he rented two floors of the Rainbow Room for the bat mitzvah of his daughter, Elizabeth.

He reportedly sent the company jet to fly Aerosmith in from Pittsburgh, paying them a cool $1 million. In return, they let his nephew play drums.

In honor of the band’s appearance, Brooks changed from a black leather suit into a magenta suede biker outfit covered with chains.

The indictment said the body-armor tycoon spent $122,000 of company cash on iPods and digital cameras for his guests. It also revealed he shelled out $20,000 for leather-bound invitations to his son’s bar mitzvah in 2000. (MORE)

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