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FarCenter

(19,429 posts)
Wed Mar 21, 2012, 11:07 PM Mar 2012

Afghan shooting suspect evades stock fraud award in Army

NEW YORK/SAN FRANCISCO — Staff Sgt. Robert Bales, the U.S. soldier accused of killing 16 civilians in Afghanistan left for war without paying his part of a $1.5 million judgment for defrauding an elderly client in a stock scheme, and remains shielded from the obligation as long as he remains in the military, legal experts said.

Before beginning his military career in November 2001, Bales worked almost 5 1/2 years at a series of largely intertwined brokerages that received repeated regulatory censures, according to regulatory records.

Bales joined the Army 18 months after an Ohio investor filed an arbitration complaint alleging unauthorized trading, breach of contract and other abuses against him, his securities firm and the firm's owner. In 2003, the arbitration panel ordered them to jointly pay the investor $1.5 million, including $637,000 in punitive damages for willful or malicious conduct and $216,500 in attorneys' fees.

http://www.msnbc.msn.com/id/46815403/ns/us_news-life/

So not only does the Army not do background checks on recruits, but the Army provides an incentive for crooks to join it!

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Afghan shooting suspect evades stock fraud award in Army (Original Post) FarCenter Mar 2012 OP
That's what happens when you let Wall Streeters into the military. LetTimmySmoke Mar 2012 #1
You have no idea what you're talking about. USArmyParatrooper Mar 2012 #2
yes, and to extend what you say edgineered Mar 2012 #3
He still owes that amount of money. no_hypocrisy Mar 2012 #4
 

LetTimmySmoke

(1,202 posts)
1. That's what happens when you let Wall Streeters into the military.
Wed Mar 21, 2012, 11:22 PM
Mar 2012

Anti-social personality disorder and PTSD don't mix.

USArmyParatrooper

(1,827 posts)
2. You have no idea what you're talking about.
Wed Mar 21, 2012, 11:23 PM
Mar 2012

The Army does do background checks. In fact, for every place the applicant lived, worked and went to school the recruiter must pull, scan and upload background checks from the local police, county sheriff, county court, and look up the applicant for a hit in the (Megan's law) national registry for sex offenders. Civil lawsuits and judgments don't appear in any of those places.

The "Army" does not provide incentives for crooks. The Soldiers and Sailors Civil Relief act of 1950 (which has gone through revisions since) provides a plethora of financial protections for people, such as capping existing interest rates on debt to 6%. The lawsuit could have been pursued, but certainly the SSRA *may* have played a factor if his income was reduced by the US military. That's an open question, because a Staff Sergeant actually gets paid pretty well. But more to the point, this has absolutely nothing to do with the US Army.

This is why Google epiphanies need to be taken with a grain of salt. Time and time again DU members read something on the internet and draw conclusions that are far from reality. You don't know what you don't know.

edgineered

(2,101 posts)
3. yes, and to extend what you say
Thu Mar 22, 2012, 12:40 AM
Mar 2012

having done my second enlistment at a district recruiting hq in various recruiter support functions, what you say is true. my point, what you said is true. lets say my prospect had a record in a neighboring state, and that i did not hear him tell me that, and knowing backgrounds are run in places the prospect has lived, worked or attended school for the last 5 years, and places where ticketed, arrested, etc, oops, lets just forget about that little incident in the 'other' county or state. chief recruiter doesn't have time for all of that, does he?

no_hypocrisy

(46,243 posts)
4. He still owes that amount of money.
Thu Mar 22, 2012, 06:37 AM
Mar 2012

Likely his creditors are in the process of trying to force a sale of his property to collect something.

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