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Afghan killings suspect owes $1.5M in fraud case

Afghanistan shooting suspect owes $1.5 million in 2003 securities fraud ruling By The Associated Press

FORT LEAVENWORTH, Kan. (AP) ' The soldier accused in the massacre of 16 Afghan civilians owes $1.5 million from a 2003 arbitration ruling that found him guilty of securities fraud.

The National Association of Securities Dealers found that Robert Bales, another man and his company "engaged in fraud, breach of fiduciary duty, churning, unauthorized trading and unsuitable investments."

Records show Gary Liebschner of Columbus, Ohio, filed the complaint in 2000, when Bales was a stockbroker.



The arbitration panel found Bales' conduct "fraudulent and malicious."

An Ohio TV station quotes Liebschner's wife as saying they asked Bales to sell stock to pay medical bills but never received the proceeds.

About 1 years after the complaint was filed, Bales enlisted ' just two months after the 9/11 attacks.

Bales hasn't been charged in the Afghan killings.


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Related Keywords:Afghanistan Suspect,Fraud and false statements,Crime,General news

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