Bankers: Too Big To Jail, Even For Hit-And-Run


From the Vail Daily in Colorado:

EAGLE, Colorado — A financial manager for wealthy clients will not face felony charges for a hit-and-run because it could jeopardize his job, prosecutors said Thursday.

Martin Joel Erzinger, 52, faces two misdemeanor traffic charges stemming from a July 3 incident when he allegedly hit bicyclist Dr. Steven Milo from behind then sped away, according to court documents.

What? Read that again. Well, perhaps the victim, Dr. Milo was not hurt very badly…..

Milo suffered spinal cord injuries, bleeding from his brain and damage to his knee and scapula, according to court documents. Over the past six weeks he has suffered “disabling” spinal headaches and faces multiple surgeries for a herniated disc and plastic surgery to fix the scars he suffered in the accident.

“He will have lifetime pain,” Haddon wrote. “His ability to deal with the physical challenges of his profession — liver transplant surgery — has been seriously jeopardized.”

Uh huh. Well, sounds like Dr. Milo is in a world of hurt and his ability to do his job may be seriously compromised. Yet, Mr. Erzinger is not being prosecuted because apparently it may jeopardize HIS job. I can’t imagine what he does that’s even more important than performing life-saving organ transplants….

Erzinger, an Arrowhead homeowner, is a director in private wealth management at Morgan Stanley Smith Barney in Denver. His biography on Worth.com states that Erzinger is “dedicated to ultra high net worth individuals, their families and foundations.”

Erzinger manages more than $1 billion in assets. He would have to publicly disclose any felony charge within 30 days, according to North American Securities Dealers regulations.

Ah, yes. I see. It’s so obvious now. What was I thinking?

Carry on. Nothing to see here.