By Veraldyn Nacion
The U.S. Infantryman accused of slaughtering 16 Afghan non combatants engaged in crime during his career as a financial consultant and skipped out paying almost $1.5 million to an aged client, according to financial records. That infantryman will need a securities fraud attorney .
Before joining the military in late 2001, U.S. Army Staff Sgt. Robert Bales was accused of multiple examples of instruments crime. That includes a May 2000 complaint alleging Bales bilked over $600,000 from an elderly Ohio couple's retirement fund, according to the Fiscal Industry Regulatory Authority, an independent stocks regulator.
"We were taken advantage of," recounted Gary Liebschner, a former client of Bales. "He took a great deal of money from us that he turned into commissions for himself."
Liebschner recounted when stills first started to surface of Bales, he did not recognise him. But when he saw a highschool photograph of Bales, he realized the suspect in the Afghanistan slaughtering was his previous broker.
Bales served as Liebschner's investment adviser and stockbroker from mid-1998 to late 1999 and defrauded the Ohio senior citizen out of more than $637,000, according to FINRA records.
"He didn't pay any of what was owed to us," said Liebschner.
"[Bales'] monetary Problems 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 securities beefs.
The arbitration conducted by FINRA in 2003 found Bales jointly accountable for paying Liebschner $1,490,875 in damages and legal costs, excluding interest, according to the stocks regulator's records.
Bales did not appear at the dispute resolution hearing, and Ohio and FINRA records indicate he never paid any of the amount for which he was discovered liable.
Michael Patterson Incorporated, the now-shuttered firm that employed Bales, and the firm's founder, Michael Patterson, were also found accountable for paying the award. Both the firm and Patterson never paid any of the reparation either, according to Liebschner. Michael Patterson Incorporated. Was banned from dealing securities in Ohio, according to the country's Commerce Dep..
Multiple voice messages left by CNN for Michael Patterson weren't returned.
The Securities Investor Protection Company, a federally mandated corporation, did award Liebschner a touch of reparations, he said. SIPC could not disclose any settlement details.
"We managed to get a couple of thousand greenbacks from SIPC, miles away from the arbitration award," said Liebschner. "Not even close. ".
Before joining the military in late 2001, U.S. Army Staff Sgt. Robert Bales was accused of multiple examples of instruments crime. That includes a May 2000 complaint alleging Bales bilked over $600,000 from an elderly Ohio couple's retirement fund, according to the Fiscal Industry Regulatory Authority, an independent stocks regulator.
"We were taken advantage of," recounted Gary Liebschner, a former client of Bales. "He took a great deal of money from us that he turned into commissions for himself."
Liebschner recounted when stills first started to surface of Bales, he did not recognise him. But when he saw a highschool photograph of Bales, he realized the suspect in the Afghanistan slaughtering was his previous broker.
Bales served as Liebschner's investment adviser and stockbroker from mid-1998 to late 1999 and defrauded the Ohio senior citizen out of more than $637,000, according to FINRA records.
"He didn't pay any of what was owed to us," said Liebschner.
"[Bales'] monetary Problems 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 securities beefs.
The arbitration conducted by FINRA in 2003 found Bales jointly accountable for paying Liebschner $1,490,875 in damages and legal costs, excluding interest, according to the stocks regulator's records.
Bales did not appear at the dispute resolution hearing, and Ohio and FINRA records indicate he never paid any of the amount for which he was discovered liable.
Michael Patterson Incorporated, the now-shuttered firm that employed Bales, and the firm's founder, Michael Patterson, were also found accountable for paying the award. Both the firm and Patterson never paid any of the reparation either, according to Liebschner. Michael Patterson Incorporated. Was banned from dealing securities in Ohio, according to the country's Commerce Dep..
Multiple voice messages left by CNN for Michael Patterson weren't returned.
The Securities Investor Protection Company, a federally mandated corporation, did award Liebschner a touch of reparations, he said. SIPC could not disclose any settlement details.
"We managed to get a couple of thousand greenbacks from SIPC, miles away from the arbitration award," said Liebschner. "Not even close. ".
About the Author:
This piece of writing is all about investment fraud and ponzi schemes . The author is Veraldyn Nacion.
0 komentar:
Posting Komentar