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Investment Advisor a Suspect in Smashing Windows in Valley, Beverly Hills

Detectives are investigating whether Michael Steven Poret, 58, of Encino—who worked at UBS Financial Services in Beverly Hills—has alleged ties to dozens of acts of vandalism.

Updated 11:50 a.m.

Michael Steven Poret, 58, is suspected of committing around 70 acts of vandalism over the past several months, including smashing the windows of Ventura Boulevard businesses and Beverly Hills homes, the Los Angeles Times reported.

An investment advisor who lives in Encino, Poret works at in Beverly Hills. He has been arrested twice this month, according to the Times:

Poret was first arrested July 3 after a Beverly Hills patrol officer spotted a slingshot in his vehicle during a traffic stop for a vehicle code violation. A search of his vehicle revealed brass knuckles, knives and slingshot projectiles.
Poret was arrested again Thursday in an early morning raid on his Encino home, where police discovered firearms, bb guns, slingshots and marbles similar to those used in the window-breakings.

Poret posted bail on both occasions, but has since been placed on administrative leave by his employer, the Times reported. Charges against Poret have yet to be filed. Authorities are investigating his possible connection to several other vandalism reports in Van Nuys and Topanga Canyon, according to the Times.

To read the latest Los Angeles Times report on Poret, click here.
To read more about Poret's latest arrest on Encino-Tarzana Patch, click . 

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Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors. Write a new post... What's up? Make an announcement, speak your mind, or sell something
A. Abrams May 19, 2013 at 06:05 pm
As a parent who spent over 12 hours on site volunteering at CHAMPSFEST, I must say that CHAMPSRead More Parent's assessment above of the circumstances is exactly correct.
CHAMPS Parent May 19, 2013 at 05:43 pm
Dear Hollietiger, CHAMPSFEST2013 was an awesome experience for my child. She was there all day andRead More had the best time. When I dropped her off I saw a slew of security personnel checking bags and wanding. She told me security was there immediately and a medic on hand. Her friend is fine and is going to school Monday morning. The hammer was from a vendor. The kid could have grabbed one of the stakes from a tent or a chair. Things happen, but I trust that the school and the administrators did the right thing. It's very counter productive and irresponsible to write things when you don't know the facts. I will support and trust CHAMPS and my daughter is already looking forward to next years CHAMPSFEST.
Evan Sanford May 19, 2013 at 05:02 pm
First of all, I don't know where your child got his information but he is quite uninformed. HeRead More obviously was believing all the rumors spreading at then end of the event. The victim's skull WAS NOT "cracked open and ... bleeding everywhere." CHAMPSFEST 2013 was a public event, therefore open to the PUBLIC. CHAMPS (the school) has no control of mental competency of attendants from other schools. Security was there in droves to protect the entire venue. As far as nothing being reported that is also FALSE. The kid was NOT taken away in handcuffs. Police were there and it is confidential information that was not released to the general population and is not a matter of public record. Second of all, the resources provided by the city were there as a backup (you mentioned "2 ambulances, police fire trucks... Not really sure what police fire trucks are but that's besides the point). We wanted to make sure that in this case of emergency all bases were covered and the safety of the victim was going to be treated properly. Next time you hear about an incident, I would consider the reputation of the people who worked so hard to put on the event and let them handle the situation before posting incorrect information to the entire community.