Broker o’ the Day: Meet the UBS Window-Smasher
- Joshua M Brown
- July 18th, 2012
I don't know what this guy's deal is...
From the LA Times:
The unlikely suspect in a string of window breakings in Beverly Hills -- a 58-year-old Encino investment adviser -- may be connected to 70 additional cases in the area, authorities said.
Michael Steven Poret, a broker at UBS Financial Services, was arrested in Encino last week.
Police say that Poret vandalized numerous businesses along Ventura Boulevard and several private homes in Beverly Hills.
A witness account and private surveillance footage have depicted the vandal as a graying man in white gloves firing marbles at plate glass windows with a slingshot from the driver's seat of his car, then driving away in no apparent hurry.
Authorities believe that Poret could be connected to more than 20 vandalism incidents in Beverly Hills and more than 50 in Encino, as well as several other vandalism reports authorities have received in Van Nuys and Topanga Canyon.
If this is your investment adviser, you may want to talk to Chuck.
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The Reformed Broker is a blog about financial markets and the economy. Joshua Brown is a New York City-based investment advisor for high net worth individuals, charitable foundations, retirement plans and corporations... More.