Too Rich To Jail

November 10th, 2010 by Andy in Judicial System & The Courts

This takes the cake (as in “let them eat”). It seems that one thing that money simply cannot afford is justice. I guess for the rich, justice means ‘just us.’ Of course, anyone paying attention to the goings ons with the crime syndicates that operate Wall Street know this is nothing new. As for the rest of the proles of society, let them eat subpoenas.

Wealthy fund manager avoids felony charges after running over cyclist because of… wealth

A fund manager for Smith Barney is getting off without felony charges after he allegedly ran over a cyclist with his Mercedes and fled the scene in Eagle, Colorado, because, the DA says, felony charges would be bad for the fund manager’s business.

Martin Joel Erzinger will not be charged with a felony because “Felony convictions have some pretty serious job implications for someone in Mr. Erzinger’s profession,” according to District Attorney Mark Hurlbert.

Erzinger oversees over $1 billion in assets for “ultra high net worth individuals, their families and foundations,” according to Worth.

Erzinger fled the scene July 3 after allegedly striking Dr. Steven Milo with his 2010 Mercedes Benz sedan on Highway 6, according to court documents. Erzinger later called the Mercedes auto assistance service to ask for his vehicle to be towed but did not report the accident to law enforcement. He claims he was unaware the cyclist had been hit.

“Mr. Erzinger struck me, fled and left me for dead on the highway,” Milo wrote in a letter to the District Attorney. “Neither his financial prominence nor my financial situation should be factors in your prosecution of this case.”

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Hurlbert explained that charging Erzinger with a felony could affect his job and ability to pay restitution. “When you’re talking about restitution, you don’t want to take away his ability to pay,” the DA said.

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“In other words, Erzinger has bought his way out of a felony charge, over the strenuous objections of his victim; it’s very unlikely that online petitions will do any good at this point,” Salmon observed. “Just another thing to add to the list of things that money can buy, I suppose.”

Read The Full Report (and some of the accompanying reader comments are pointedly insightful, as well)

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