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.
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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.
Milo wrote in a letter to District Attorney Mark Hurlbert that the case "has always been about responsibility, not money."
"Mr. Erzinger struck me, fled and left me for dead on the highway," Milo wrote. "Neither his financial prominence nor my financial situation should be factors in your prosecution of this case."
Hurlbert said Thursday that, in part, this case is about the money.
"The money has never been a priority for them. It is for us," Hurlbert said. "Justice in this case includes restitution and the ability to pay it."
Hurlbert said Erzinger is willing to take responsibility and pay restitution.
"Felony convictions have some pretty serious job implications for someone in Mr. Erzinger's profession, and that entered into it," Hurlbert said. "When you're talking about restitution, you don't want to take away his ability to pay."
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