Colorado District Attorney Mark Hurlbert has dropped felony charges against Martin Joel Erzinger, a Morgan Stanley Smith Barney wealth manager who controls $1 billion in investments, because financial rules would require Erzinger to notify his clients that he was charged with a felony, and this would have "serious job implications" for the financier. Erzinger is facing charges for allegedly rear-ending cyclist Dr. Steven Milo, and then leaving the scene of the crime. Milo, a liver transplant surgeon, has spinal and brain injuries, disfiguring scars, and will likely be in pain for the rest of his life.

Milo was bicycling eastbound on Highway 6 just east of Miller Ranch Road, when Erzinger allegedly hit him with the black 2010 Mercedes Benz sedan he was driving. Erzinger fled the scene and was arrested later, police say.

Erzinger allegedly veered onto the side of the road and hit Milo from behind. Milo was thrown to the pavement, while Erzinger struck a culvert and kept driving, according to court documents.

Erzinger drove all the way through Avon, the town's roundabouts, under I-70 and stopped in the Pizza Hut parking lot where he called the Mercedes auto assistance service to report damage to his vehicle, and asked that his car be towed, records show. He did not ask for law enforcement assistance, according to court records.

Erzinger told police he was unaware he had hit Milo, court documents say.

When Avon police arrived he was putting a broken side mirror and a bumper in his trunk, court record say.