Posted on 03/20/2012 3:53:40 AM PDT by nuconvert
Robert Bales, the staff sergeant accused of massacring Afghan civilians, enlisted in the U.S. Army at the same time he was trying to avoid answering allegations he defrauded an elderly Ohio couple of their life savings in a stock fraud, according to federal documents reviewed by ABC News.
"He robbed me of my life savings," Gary Liebschner of Carroll, Ohio told ABC News.
Financial regulators found that Bales "engaged in fraud, breach of fiduciary duty, churning, unauthorized trading and unsuitable investments," according to a report on Bales filed in 2003. Bales and his associates were ordered to pay Liebschner $1,274,000 in compensatory and punitive damages but have yet to do so, according to Liebschner.
(Excerpt) Read more at news.yahoo.com ...
This whole business isn’t adding up. Here’s what I’m finding. One report says the retiree, ......... Gary Liebschner of Carroll, Ohio, filed his complaint in May, 2000. At that time Bales supposedly worked for an Ohio brokerage firm, MPI.
According to federal documents, Bales failed to appear at an arbitration hearing to resolve Liebschner’s complaint. In 2003, Bales and his associates were ordered to pay Liebschner $1,274,000 in compensatory and punitive damages. According to Liebschner, that payment never happened because they didn’t know where Bales was.
Okay, another report says Bales “handled investments before a market downturn pushed him out of the business.
Florida records show that Bales was a director at an inactive company called Spartina Investments Inc. in Doral, Fla.; his brother, Mark Bales, and a Mark Edwards were also listed as directors.”
Marc Edwards was a former NFL player that played with the Patriots. He claims the business lasted around a year (2000 to 2001 time frame) and closed due to market forces. He has just released a statement in support of Bales and his character.
So, long story short, who all was found responsible for the 1.4 million owed this retiree? Marc Edwards could easily have been found, if he was also liable for this debt. Are MPI and Spartina Investments two different or the same company? There’s plenty that’s missing here.
You obviously weren’t following the conversation. It was about the storyline regarding a financial accusation from 12 years ago and the comment was that something back thing told us about his character.
My point is simply that lots of things tell us about his character.
And, no, we don’t administer capital punishment for every capital crime.
And if they were incorporated none of them were personally responsible for that debt. It would have been the responsibility of a defunct corporation.
He could have worked for Bain Capital. :>)
I don’t know anything about the case itself only timelines.I think Bales is 38 which means he was probably in some line of work before he joined.
The original article made it look like the couple lost all of their money and didn’t get it back. It sounded very fishy to me.
I had a "secret" clearance but was never investigated as did several of my buddies. In fact, their judges gave them the choice of jail for their youthful indiscretions or volunteer for the draft. They took the later......Our MOS was 72B, communication center specialists, where we had access to top secret communications passing thru our relay station to other com-centers throughout the Canal Zone
As a side note, I was the E-5 in charge of the center one weekend when a top secret flash msg came thru over a non-secure circuit. I had to secure the teletype tape then call my staff sergeant at home and have him come in as well as the station's CO. This was on a Sunday afternoon. By the end of the following Monday, my clearance had been updated to Top Secret.......
Given the infrequency of the type of message that came thru, and especially the small, irrelevant station on the Atlantic side of the canal that sent it, I suspect it was just a training message that the knuckle heads in that center screwed up by sending it over the wrong circuit.....
Then they lied during the television interview too........Why would that old couple do that?
It was a retail account. The figures could not be that high except that these are both compensatory and punitive damages.
I understand they were trading without authorization and churning.
Everything counts when assessing character. And there was NO purple heart:
http://seattletimes.nwsource.com/avantgo/2017770505.html
The Liebschners claimed they asked Bales to sell their AT&T stock to pay for medical bills. They said they never got the money and soon after Bales fell off the radar.
By the end of the following Monday, my clearance had been updated to Top Secret.......
Eh? they can do that?
In related news, Nidal Hasan had a hearty lunch and got a package of socks from his mosque.
Evidently they can, my DD form-214 proves it.........
They DON'T investigate backgrounds when issuing clearances, evidence the traitor Pvt. Manning..and I may be wrong on that.
The only checks they may initiate that I can think of would be the nationality of the military applicant...specifically, those of Arab descent......
At this point I don’t know how much truth there is to the story, how much bad reporting and how factual reporting is coming from the old couple. I am saying that the story, as reported, sounds off to me. NO, I do not know their motivation.
Recent articles gave details that answer a lot, but not all, of my questions. It seems that his broker-dealer was involved with the Mob and did a lot of penny stock swindles. They and sister BD’s were closed down by the Feds, and fined. What remains a question to me is why the fines levelled by the Feds did not go toward recompensation of the victims...unless there were so many victims there wasn’t much to spread around.
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