On February 28, 2011, the SEC filed a complaint against DHB Industries, Inc. alleging that it engaged "in a massive accounting fraud... between 2003 and 2005."

On February 28, 2011, the SEC announced that it charged DHB Industries (now known as Point Blank Solutions), a major supplier of body armor to the U.S. military and law enforcement agencies, for engaging in a massive accounting and disclose fraud through its senior officers and misappropriating company assets to personally benefit the former CEO. DHB Industries has agreed to settle with the SEC and consented to a permanent injunction from future violations of the federal securities laws. The proposed settlement took into account the remedial measures already taken by the company. As the company is in bankruptcy, the bankruptcy court must approve the settlement. The agency separately charged three of the company's former outside directors and audit committee members for their complicity in the scheme and had previously charged former DHB Industries CEO David Brooks as well as two other former senior officers for their roles in the fraud.

On April 15, 2011, Judge James I. Cohn entered Final Judgment as to defendant DHB Industries, Inc. DHB Industries, Inc consented to the entry of the Final Judgment without admitting or denying the allegations of the SEC's complaint.