David Brooks received $317,000 by selling his former company's season tickets to Rangers and Knicks games as well as tickets to Madison Square Garden concerts, in many cases receiving checks and cash in return for almost double their original price, according to a government analyst testifying yesterday.
Brooks' former company, DHB Industries, paid about $177,000 for tickets he later sold to ticket broker Great Seats Ltd., said Christopher Petrallese, an FBI financial analyst. DHB's refund for the 2004-2005 NHL lockout season - about $43,000 with interest - was also paid to Brooks as part of the $317,000, Petrallese testified yesterday.
Brooks is accused of conspiracy and fraud for allegedly looting his company of $5 million in personal expenses and illegally making another $185 million through stock fraud. DHB is now Point Blank Solutions, based in Pompano Beach, Fla.
At Brooks' trial in Central Islip, prosecutors spent part of yesterdaygoing over charts Petrallese had created detailing the path of tickets that originated as DHB corporate purchases and were later sold to the broker company for higher fees Brooks eventually received. Some of the tickets were for luxury box seats as well as floor seats. Others were for concerts such as Madonna's 2006 Confessions tour and a Simon and Garfunkel concert in 2003.
Petrallese also testified about his analysis determining about $312,000 DHB paid for Chubb insurance policies for Brooks' residences in Westbury and Boca Raton, about 10 cars, trucks and trailers, two furs, 19 pieces of fine art and seven pieces of jewelry.
During cross examination, however, Brooks' lead attorney, Kenneth Ravenell, pointed out that Petrallese's analysis did not investigate whether the vehicles insured were company vehicles or how much Brooks traveled for company business.
He asked if Petrallese knew whether Brooks had reimbursed the company. Petrallese said he did not know. The trial continues today.