• 08 Nov 2010 at 9:10 AM

Does Wall Street Have A Problem With Felony Charges?

Over the summer, Morgan Stanely financial adviser Martin Joel Erzinger, pictured, drove over a doctor who was on his bike and then kept going, “until he reached a Pizza Hut parking lot, where he stopped and called Mercedes auto assistance to report the damage to his vehicle.”

Meanwhile, Dr. Steven Milo suffered damage to his knees and scapula, spinal cord injuries, bleeding to the brain, and in just the last six weeks, ‘disabling’ headaches and the possibility of multiple surgeries. One would have likely assumed the charges for Marty would be quite to very serious but a court has decided they’ll only amount to two misdemeanour traffic charges and restitution to the victim. Apparently the rationale behind the decision was that a judge felt strongly that MJE should have to pay the doctor, which, sure, makes sense but that in order to do so, Erzinger would need to remain employed on Wall Street. And therein lies the rub.

According to District Attorney Mark Hurlbert, “Felony convictions have some pretty serious job implications for someone in Mr. Erzinger’s profession.” It’s not something we’ve stopped to consider before, but now that the situation has presented itself and at least one or two of you probably have ‘be on the offensive end of a hit and run’ on top of the To Do list, maybe we should. Is Wall Street as judgmental as Hurlbert claims? Or is he in fact being a little dramatic here? Would most firms in fact be cool with a felony charge? Would some see it as a reason to hire you in the first place? Let’s break it down.

Morgan Stanley financial adviser escapes felony charges for hit-and-run ‘because it could jeopardise his job’ [Daily Mail]

59 comments (hidden to protect delicate sensibilities)
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Comments (59)

  1. Posted by Seaman Bodine | November 8, 2010 at 2:29 PM

    Wall Street? Uh, retail brokerage. Fuhshizzle.

  2. Posted by The Real Caesars Palace | November 8, 2010 at 2:29 PM

    Don’t get too excited. He’s just a Dentist. And if someone has a heart attack, you should still call 911.

  3. Posted by IWishIWasAWallStreetGuy | November 8, 2010 at 2:32 PM

    “Felony convictions have some pretty serious job implications for someone in Mr. Erzinger’s profession.”

    Perhaps public caning is the answer. Set up an elevated outdoor platform (maybe in Union Square) and commence to wailing on his criminal, narcissistic ass.

  4. Posted by Guest | November 8, 2010 at 2:33 PM

    Seaman Bodine– consistently offering absolutely stunning insight. What would we do without you?

  5. Posted by Anon | November 8, 2010 at 2:34 PM

    we would have no problem with this.

    -SAC

  6. Posted by Seaman Bodine | November 8, 2010 at 2:38 PM

    You want to win? Put Booby in.

  7. Posted by Anonymous | November 8, 2010 at 2:41 PM

    Not public caning. The stocks. Put him on a platform in the middle of Union Square facing the crowd, with hands and face immobilized. Charge admission. Sell buckets of s**t, rotten food, garbage, etc. with which the spectators can pelt the guy. Proceeds go to charity.

    http://etc.usf.edu/clipart/12300/12397/stocks_12397_lg.gif

  8. Posted by Warren Buffet | November 8, 2010 at 2:43 PM

    The real crime here is that Pizza Hut exclusively sells Pepsi products. Apparently, money doesn’t buy class.

    -Warren “Dick Towel” Buffet

  9. Posted by Rho2Gamma | November 8, 2010 at 2:45 PM

    What is with all the moving speed bumps in school zones?
    -MJE

  10. Posted by Guest | November 8, 2010 at 2:47 PM

    I think I saw this guy’s picture on the Retarded or Not website.

  11. Posted by Homosaurus | November 8, 2010 at 2:48 PM

    he should be sodomized with a 53 tooth chainring…

  12. Posted by Not that Guest, the other one | November 8, 2010 at 3:01 PM

    If he were a Guerrerio Wealth guy, he would have pulled over right away and beat the crap out of the doc for messing up his Benz.

  13. Posted by IWishIWasAWallStreetGuy | November 8, 2010 at 3:02 PM

    Hmmm. I like the raffle idea – “Live Caning from Union Square”. Drag out a couple of scumbags like this guy, read off the lengthy list of the reasons he deserves horrible torture, and raffle off opportunities for the victims, former employees, etc to rip his ass open with a cane.

    I’ve probably spent too much time thinking about this…..

  14. Posted by Guest | November 8, 2010 at 3:04 PM

    Good practice to save MJE’s felonious a$$. And I think they should apply this line of action to any lawyer or politician who plows over a human being and runs from the scene. Well done to the sense of justice.

  15. Posted by Dfh | November 8, 2010 at 3:09 PM

    Nearly killing it is the new killing it.

  16. Posted by Dfh | November 8, 2010 at 3:09 PM

    Nearly killing it is the new killing it.

  17. Posted by Guest | November 8, 2010 at 3:26 PM

    If he were a Guerrerio Wealth guy, the doc would’ve beat the crap out of himself for messing up his benz

  18. Posted by Guest | November 8, 2010 at 3:26 PM

    If he were a Guerrerio Wealth guy, the doc would’ve beat the crap out of himself for messing up his benz

  19. Posted by Guesty Guest | November 8, 2010 at 3:29 PM

    I hear the Doctor’s (er…Dentist) son is at Columbia B-School looking to rare earth minerals.

    Anyone confirm?

  20. Posted by Guesty Guest | November 8, 2010 at 3:29 PM

    I hear the Doctor’s (er…Dentist) son is at Columbia B-School looking to rare earth minerals.

    Anyone confirm?

  21. Posted by Guesty Guest | November 8, 2010 at 3:29 PM

    I hear the Doctor’s (er…Dentist) son is at Columbia B-School looking to rare earth minerals.

    Anyone confirm?

  22. Posted by Son | November 8, 2010 at 3:33 PM

    nickel-titanium alloys are about to skyrocket. braces and retainer demand is booming.

  23. Posted by Guest | November 8, 2010 at 3:37 PM

    Working sales at strip mall franchise must be the end all of wall street careers.

  24. Posted by Guest | November 8, 2010 at 3:54 PM

    I’d bet it was the dentist’s fault. Bikers don’t follow any traffic laws but always get the nod in court.

  25. Posted by Guest | November 8, 2010 at 4:12 PM

    Dentists perform liver transplants now?

  26. Posted by Guest | November 8, 2010 at 4:45 PM

    dentist on a bike? i thought all dentists drove E-class benzos.

  27. Posted by trojan | November 8, 2010 at 5:04 PM

    We should talk.
    -M. Fey

  28. Posted by Pink Lada | November 8, 2010 at 5:28 PM

    Finally, we have a judge who can see the big picture.

  29. Posted by Above the law | November 8, 2010 at 5:48 PM

    Is killing bikers the new killing it?

    What, too soon?

  30. Posted by Guestguy | November 8, 2010 at 6:29 PM

    Did you miss the post at 11:12 where it was pointed out that this “dentist” does liver transplants?

  31. Posted by Guest | November 8, 2010 at 7:07 PM

    Look, if mack could fix insider trading charges, not only overruling the SEC but firing the attorney investigating the claim, how hard do you think it is to get some backwater prosecutor to look the other way for some rich banker. Pulllleeeeeaaazzzzz!!!!

  32. Posted by Dan Stewart | November 8, 2010 at 7:24 PM

    Apparently, Bess Levin does follow financial matters much. A felony conviction is a statutory disqualification from registration under both securities and commodities laws.

  33. Posted by Guest | November 8, 2010 at 7:29 PM

    I have a problem with a felony!

    -FINRA

  34. Posted by Anonymous | November 8, 2010 at 8:09 PM

    Pretty sure the issue here isn’t so much that the slimeball hit a bicyclist, but that he didn’t stop to render assistance but instead kept on driving until he could find a place to pull over and complain about the damage to his cheeseball car.

  35. Posted by Anonymous | November 9, 2010 at 3:05 AM

    A bazillion would-be criminals are sending in their applications to Charles Schwab, to cover all bases and preempt future legal issues.

  36. Posted by Anonymous | November 9, 2010 at 3:05 AM

    A bazillion would-be criminals are sending in their applications to Charles Schwab, to cover all bases and preempt future legal issues.

  37. Posted by Anonymous | November 9, 2010 at 3:05 AM

    A bazillion would-be criminals are sending in their applications to Charles Schwab, to cover all bases and preempt future legal issues.

  38. Posted by Ex running dog | November 9, 2010 at 6:48 AM

    In Soviet Russia, crap beat the hell out of you, the dentist and the broker

    – not the Soviet Russia guy, but a fan of his work

  39. Posted by Tom Wolfe | November 9, 2010 at 7:19 AM

    Cool story, bro.

  40. Posted by ExPat ExLawyer | November 9, 2010 at 10:37 AM

    It’s not the judge that is doing this, it is the DA. Hurlbert is the Kobe Bryant DA, who botched the case. The victim is a liver transplant surgeon. This guy is politically connected and that’s all that matters to Hurl. Anyone else would have to plead to a felony.

    Yet this prosecutor goes ballistic on stupid cases, for example he dragged a ski shop employee back from Australia to take him through a jury trial for throwing a snowball. He also charged felonies against two veteran, female mountain bike racers for swapping race entry bibs.

  41. Posted by PatC | November 11, 2010 at 5:26 PM

    Why does it matter whether it’s a doctor that got run over or a dishwasher, or whatever, riding his or her bike in a safe and legal manner?

  42. Posted by James | November 12, 2010 at 6:22 PM

    Obviously you don’t know Martin. He fell asleep and when he woke up he was not aware that anyone was hit. Only later when he found that out, he immediately expressed his condolences. It is ironic that the lawyer from New York who was previously defending Koby Bryant, seems to be out to bury Martin. Martin met with Tom Marisco, Steven Milo’s father-in-law and one of the very wealthiest men in Colorado, and told him exactly what happened. Martin is hard working father who came with nothing and is highly respected. Obviously he regrets falling asleep, but as I talk with people I am amazed at how many tell me that they have fallen asleep while driving. P.S.-Jennifer Marisco and husband Steven Milo are still being seen in the New York party scene, so Steven doesn’t seem to be too bad off healthwise nor definitely financially.

  43. Posted by James | November 12, 2010 at 6:36 PM

    The Real Crime is that you are perpetuating comments that are unfounded. Martin did not flee the scene of the accident. He fell asleep and when he woke up he sized up the situation. It was only sometime later that he found out that he had hit someone. The money he manages is not his money, as the press intimates, he is only the manager. When he found out what had happened he went to Tom Marisco, Milo’s father-in-law, and told him what had happened. Tom is one of the very wealthiest men in Colorado. Martin has come from the ground up, worked hard and is respected by his clients and all who know him. I am amazed as I talk to people who tell me that they have fallen asleep while driving. I pray it doesn’t happen to you.

  44. Posted by James | November 12, 2010 at 6:36 PM

    The Real Crime is that you are perpetuating comments that are unfounded. Martin did not flee the scene of the accident. He fell asleep and when he woke up he sized up the situation. It was only sometime later that he found out that he had hit someone. The money he manages is not his money, as the press intimates, he is only the manager. When he found out what had happened he went to Tom Marisco, Milo’s father-in-law, and told him what had happened. Tom is one of the very wealthiest men in Colorado. Martin has come from the ground up, worked hard and is respected by his clients and all who know him. I am amazed as I talk to people who tell me that they have fallen asleep while driving. I pray it doesn’t happen to you.

  45. Posted by James | November 12, 2010 at 6:49 PM

    Obviously you don’t know the facts nor Martin. Martin fell asleep and when he woke up he took the normal measures. The car had damage from where it landed. Only later did he find out that he had struck someone. Martin is a very responsible man and he would never flee the scene of an accident if he were aware of it. He has come up from nothing, worked hard, and his clients and those who know him highly respect him. It is painful to see his name dragged through the mud by irresponsible journalists (who almost never dig for the facts) and by those who were not there. Many people I talk to tell me that they have fallen asleep while driving. I hope that would not happen to anyone, especially if there were an accident. PS.-Martin reached out early on to Tom Marisco, Milo’s father-in-law and one of the very wealthiest men in Colorado, and told him exactly what happened.

  46. Posted by James | November 12, 2010 at 6:59 PM

    Martin fell asleep at the wheel and when he woke up he saw that the his car was in a damaged position. It was only later that he found out that he had accidentally struck someone. Martin is a very responsible man and if he had been aware that he had struck someone, he would be the first to render assistance. In other situations, he has rendered assistance to many persons. I hope that no one else ever falls asleep while driving and wakes up to find that anything was hit, let alone a human being.

  47. Posted by James | November 12, 2010 at 6:59 PM

    Martin fell asleep at the wheel and when he woke up he saw that the his car was in a damaged position. It was only later that he found out that he had accidentally struck someone. Martin is a very responsible man and if he had been aware that he had struck someone, he would be the first to render assistance. In other situations, he has rendered assistance to many persons. I hope that no one else ever falls asleep while driving and wakes up to find that anything was hit, let alone a human being.

  48. Posted by FerryM | November 15, 2010 at 6:29 PM

    He must be a sound sleeper if he can sleep through the impact of hitting someone. That always wakes ME up right away.

  49. Posted by Erzinger=RichCriminal | November 16, 2010 at 6:12 PM

    Riiiiiiight, I’m SURE that’s what happened. It was his sleep apnea. I’ve got a bridge to sell you…

    This Erzinger d-bag is so lucky I don’t live in the same town as him.

  50. Posted by Erzinger=RichCriminal | November 16, 2010 at 6:12 PM

    Riiiiiiight, I’m SURE that’s what happened. It was his sleep apnea. I’ve got a bridge to sell you…

    This Erzinger d-bag is so lucky I don’t live in the same town as him.

  51. Posted by Reality127 | November 18, 2010 at 7:24 PM

    So, the driver slept through his accident and was unaware of it until later. I guess the DA believed that steaming load. We really are a race of vermin.

  52. Posted by Reality127 | November 18, 2010 at 7:24 PM

    So, the driver slept through his accident and was unaware of it until later. I guess the DA believed that steaming load. We really are a race of vermin.

  53. Posted by Reality127 | November 18, 2010 at 7:24 PM

    So, the driver slept through his accident and was unaware of it until later. I guess the DA believed that steaming load. We really are a race of vermin.

  54. Posted by media | December 12, 2010 at 7:54 PM

    For updates, and to see photos of the crash, check out http://spokesofjustice.blogspot.com/

  55. Posted by Guest | February 23, 2011 at 6:19 PM

    I thought it was new car smell

  56. Posted by Bob | June 4, 2011 at 11:00 PM

    Unless you were actually there, you do not know what happened either

  57. Posted by Bob | June 4, 2011 at 11:01 PM

    Unless you were actually there, you do not know what happened either

  58. Posted by Bob | June 4, 2011 at 11:01 PM

    Unless you were actually there, you do not know what happened either

  59. Posted by Bob | June 4, 2011 at 11:01 PM

    Unless you were actually there, you do not know what happened either