May 27, 2013
Robert Babek, Partner-In-Charge of the Firm's Los Angeles Office, Featured in Los Angeles Business Journal Special Report "Riches Under the Radar"
By James Rufus Koren
Some of L.A.'s richest residents elude the spotlight while piling up millions and even billions in low-profile industries.
Even family members ask for cash, said Rob Babek, a partner in charge of accounting firm Marcum LLP's Century City office. He advises wealthy families and said he's often seen friends and distant relatives come calling after someone's wealth is made public.
"That's one of the biggest drawbacks for people who gain immediate wealth or recognition," Babek said. "All of a sudden an uncle wants to know if you can pay his mortgage. Every financial problem that comes along, they'll ask if you can help out."