In this Aug. 23, 2011 Defense Video & Imagery Distribution System photo, Staff Sgt. Robert Bales, 1st platoon sergeant, Blackhorse Company, 2nd Battalion, 3rd Infantry Regiment, 3rd Stryker Brigade Combat Team, 2nd Infantry Division participates in an exercise at the National Training Center at Fort Irwin, Calif. A senior U.S. official, Friday March 16, 2012 identified Bales as the man accused of killing 16 civilians in an attack on Afghan villagers five days ago. (AP Photo/DVIDS, Spc. Ryan Hallock)
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 1½ 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.