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Banker involved in hit-and-run not charged with felony...

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EnglishIvy Since: Aug, 2011
#1: Nov 8th 2010 at 5:08:50 PM

Because it might hurt his career.

But the district attorney told the Vail Daily that the decision to drop the felony charges against Hurlbert was also based on the possible effects on his income-earning ability and, therefore, his ability to pay restitution.

"Felony convictions have some pretty serious job implications for someone in Mr. Erzinger's profession, and that entered into it," Hurlbert told the paper. "When you're talking about restitution, you don't want to take away his ability to pay."

Erzinger reportedly manages more than $1 billion in assets and would have to publicly disclose any felony charge under the North American Securities Dealers regulations.

Discuss.

Desertopa Not Actually Indie Since: Jan, 2001
Not Actually Indie
#2: Nov 8th 2010 at 5:43:16 PM

It's not for his sake though, but for the people he needs to pay restitution to. The point is that the judge is worried about punishing the victims by taking away his ability to pay them back.

...eventually, we will reach a maximum entropy state where nobody has their own socks or underwear, or knows who to ask to get them back.
pvtnum11 OMG NO NOSECONES from Kerbin low orbit Since: Nov, 2009 Relationship Status: We finish each other's sandwiches
OMG NO NOSECONES
#3: Nov 8th 2010 at 5:51:07 PM

...so if I was charged with a felony, and had to pay restitution, how does that work? I'm not a wealthy banker, do I get slammed with the felony charge?

Happiness is zero-gee with a sinus cold.
DeMarquis Since: Feb, 2010
#4: Nov 8th 2010 at 6:03:53 PM

Well, you could always steal the money...

breadloaf Since: Oct, 2010
#5: Nov 8th 2010 at 10:06:48 PM

You're poor so you get a criminal record. I don't see what's wrong.

...

Ha.

RadicalTaoist scratching at .8, just hopin' from the #GUniverse Since: Jan, 2001
SomeSortOfTroper Since: Jan, 2001
#7: Nov 9th 2010 at 1:36:52 AM

The statement also said that the two misdeamours may add up to an actual greater punishment than the felony.

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