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Diamond Member
The plot thickens...
Staff Sgt. Robert Bales was found liable in financial fraud - The Washington Post
Staff Sgt. Robert Bales was found liable in financial fraud - The Washington Post
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But Baless decision to join the Army also came at a pivotal point in his pre-military career a career as a stock trader that appears to have ended months after he was accused of engaging in financial fraud while handling the retirement account of an elderly client in Ohio, according to financial records.
An arbitrator later ordered Bales and the owner of the firm that employed him to pay $1.4 million about half for compensation and half in punitive damages for taking part in fraud and unauthorized trading, according to a ruling from the Financial Industry Regulatory Authority, the independent disciplinary board for brokers and brokerage houses.
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But the finding of financial fraud adds to an increasingly complex picture of a man who, on the one hand, is described by friends and neighbors as a family man and an even-tempered soldier, and, on the other, had repeated encounters with the law, including an arrest on suspicion of drunken driving, involvement in a hit-and-run accident and a misdemeanor assault charge.
In addition to those incidents, he had evidently been under financial stress. His home near Tacoma was put up for a short sale a few days before the March 11 shootings in Afghanistan.
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But Baless decision to join the Army also came at a pivotal point in his pre-military career a career as a stock trader that appears to have ended months after he was accused of engaging in financial fraud while handling the retirement account of an elderly client in Ohio, according to financial records.
An arbitrator later ordered Bales and the owner of the firm that employed him to pay $1.4 million about half for compensation and half in punitive damages for taking part in fraud and unauthorized trading, according to a ruling from the Financial Industry Regulatory Authority, the independent disciplinary board for brokers and brokerage houses.
....
But the finding of financial fraud adds to an increasingly complex picture of a man who, on the one hand, is described by friends and neighbors as a family man and an even-tempered soldier, and, on the other, had repeated encounters with the law, including an arrest on suspicion of drunken driving, involvement in a hit-and-run accident and a misdemeanor assault charge.
In addition to those incidents, he had evidently been under financial stress. His home near Tacoma was put up for a short sale a few days before the March 11 shootings in Afghanistan.
....