Infantryman who reportedly finished 16 Afghans engaged in finance fraud
The U.S. Soldier charged with killing 16 Afghan civilians engaged in crime during his career as a financial adviser and skipped out paying virtually $1.5 million to an elderly customer, according to finance records. That soldier will need a securities fraud attorney .
Before joining the army in late 2001, U.S. Armed forces Staff Sgt. Robert Bales was accused of multiple examples of instruments crime. That encompasses a May 2000 complaint saying Bales bilked over $600,000 from an old Ohio couple's retirement fund, according to the Fiscal Industry Regulatory Authority, an independent stocks regulator.
"We were taken advantage of," related Gary Liebschner, a one-time customer of Bales. "He took an awful lot of money from us that he turned into commissions for himself."
Liebschner recounted when photos first started to surface of Bales, he didn't recognise him. But when he saw a high school photo of Bales, he realized the suspect in the Afghanistan murderings was his previous broker.
Bales served as Liebschner's investment adviser and broker from mid-1998 to late 1999 and defrauded the Ohio senior citizen out of at least $637,000, according to FINRA records.
"He failed to pay any of what was owed to us," declared Liebschner.
"[Bales'] financial issues have nothing to do with this, PERIOD," recounted John Henry Browne, Bales ' attorney, in an e-mail reaction to a demand for comment about the stocks complaints.
The arbitration conducted by FINRA in 2003 found Bales jointly responsible for paying Liebschner $1,490,875 in damages and legal fees, excluding interest, according to the securities regulator's records.
Bales didn't appear at the argument resolution hearing, and Ohio and FINRA records indicate he never paid any of the amount for which he was found responsible.
Michael Patterson Incorporated, the now-shuttered firm that employed Bales, and the firm's founder, Michael Patterson, were also found responsible for paying the award. Both the firm and Patterson never paid any of the reparation either, according to Liebschner. Michael Patterson Incorporated. Was excluded from dealing stocks in Ohio, according to the country's Commerce Dep..
Multiple voice messages left by CNN for Michael Patterson were not returned.
The Securities Investor Protection Company, a federally mandated corporation, did award Liebschner a small amount of reparations, he said. SIPC could not reveal any settlement details.
"We were able to get a couple of thousand dollars from SIPC, nowhere near the arbitration award," said Liebschner. "Not even close. ".
Before joining the army in late 2001, U.S. Armed forces Staff Sgt. Robert Bales was accused of multiple examples of instruments crime. That encompasses a May 2000 complaint saying Bales bilked over $600,000 from an old Ohio couple's retirement fund, according to the Fiscal Industry Regulatory Authority, an independent stocks regulator.
"We were taken advantage of," related Gary Liebschner, a one-time customer of Bales. "He took an awful lot of money from us that he turned into commissions for himself."
Liebschner recounted when photos first started to surface of Bales, he didn't recognise him. But when he saw a high school photo of Bales, he realized the suspect in the Afghanistan murderings was his previous broker.
Bales served as Liebschner's investment adviser and broker from mid-1998 to late 1999 and defrauded the Ohio senior citizen out of at least $637,000, according to FINRA records.
"He failed to pay any of what was owed to us," declared Liebschner.
"[Bales'] financial issues have nothing to do with this, PERIOD," recounted John Henry Browne, Bales ' attorney, in an e-mail reaction to a demand for comment about the stocks complaints.
The arbitration conducted by FINRA in 2003 found Bales jointly responsible for paying Liebschner $1,490,875 in damages and legal fees, excluding interest, according to the securities regulator's records.
Bales didn't appear at the argument resolution hearing, and Ohio and FINRA records indicate he never paid any of the amount for which he was found responsible.
Michael Patterson Incorporated, the now-shuttered firm that employed Bales, and the firm's founder, Michael Patterson, were also found responsible for paying the award. Both the firm and Patterson never paid any of the reparation either, according to Liebschner. Michael Patterson Incorporated. Was excluded from dealing stocks in Ohio, according to the country's Commerce Dep..
Multiple voice messages left by CNN for Michael Patterson were not returned.
The Securities Investor Protection Company, a federally mandated corporation, did award Liebschner a small amount of reparations, he said. SIPC could not reveal any settlement details.
"We were able to get a couple of thousand dollars from SIPC, nowhere near the arbitration award," said Liebschner. "Not even close. ".
About the Author:
This article is all about investment fraud and ponzi schemes . The author is Veraldyn Nacion.
0 Response to "Infantryman who reportedly finished 16 Afghans engaged in finance fraud"
Đăng nhận xét