Tuesday, March 20, 2012
American psycho, Staff Sgt. Robert Bales, accused of slaughtering 16 innocent Afghan men, women and children in a village in Kandahar province, is a con man who took the life savings life savings of an elderly Ohio couple in $852,000 in AT&T stock and through a series of trades, reduced its value to nothing.
“He robbed me of my life savings,” Gary Liebschner of Carroll, OH, told ABC News.
Financial regulators determined 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 at the Ohio brokerage firm MPI, were ordered to pay Liebschner $1,274,000 in compensatory and punitive damages but have yet to do so, this according to Liebschner.
The Ohio retiree recalled Bales as a “smooth talker.” Asked if he regarded Bales as a con man, Liebschner said, “You’ve hit the nail on the head.”