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Where defense contractor stands accused of running a ponzi scheme. the money he allegedly stole was spent on prostitutes, a multimillion dollar bar mitzvah for his dollar, porn for his son, a pricey belt buckle. and get this. he tried to find a memory pill, allegedly, memory-erasing pill he wanted to use to help conceal his crime. as alina cho reports, bizarre does not even begin to describe this case. take a look. >> reporter: $100,000 jewel-encrusted belt buckle, 1 million on race horses, even allegations of hired prostitutes for employees. it's a list that reads like a bad b movie. the man ...

Couple of days. >> there you go. tom? >> wonder what the thorn was. guess we'll find out. next on "360," tom, we've covered a lot of things that are kind of unbelievable. this story kind of takes the take, about a defense contractor accused of stealing millions and allegedly after all of this was searching for a pill that would make some of his colleagues who were involved in this alleged fraud lose their memories. they wouldn't be able to testify against him, which they are testifying against him. tonight's crime and punishment story, ahead. how a garage sale turned up an ansel adams' col...

To cnn on camera, don't dispute that his personal expenses were paid for by the company, but add those expenditures were authorized. >> this is the kind of case that makes a defense lawyer think, why didn't i go to medical school? white-collar cases are never really slam dunks, but this one seems to come pretty close. >> reporter: and that's not all. prosecutors allege david brooks also spent years trying to develop a memory-erasing pill with the restauraveterinarian w for his race horses. the alleged target, the cfo of the company, so that none of the crimes would ever be reported to the gove...

>> reporter: brooks has pleaded not guilty. his lawyers, who would not talk to cnn on camera, don't dispute that his personal expenses were paid for by the company, but adds those expenditures were authorized. >> this is the kind of case that makes a defense lawyer think, why didn't i go to medical school? white collar cases are never really slam dunk but this one seems to come pretty close. >> reporter: that's not all. prosecutors allege david brooks spent years trying to develop a memory-erasing pill with the veterinarian who cared for his horses so that the alleged crimes would never be rep...

>> for some people that feels like between a rock and a hard place, on one hand being accused of potentially of racial profiling, on the other hand not doing what the letter of the law says. i go back to it underscores a frustration for a state to say, we want to do this because the federal government, we don't feel, is doing its job. many people point to that as then maybe immigration reform is something that needs to come sooner than later. >> soledad o'brien, thank you very much. interesting. essence magazine and a conversation hiring decision. magazine geared for african-american women h...