Wednesday 21 March 2012

Kandahar Shooter Had Debts of $1.5M

Robert Bales, a 38-year-old Staff Sergeant, was found guilty of securities fraud before joining the army, and still owed his victims hundreds of thousands of dollars in compensation and punitive damages.
He carried out the financial crimes while working at MPI, a brokerage firm in Ohio. A report filed by federal regulators in 2003 concluded he had "engaged in fraud, breach of fiduciary duty, churning, unauthorised trading and unsuitable investments" on behalf of clients.
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