California Millionaire with leaky roof, Ed Wedbush.

He built one of the largest stock brokerages in Los Angeles, and he is worth tens of millions of dollars.

So why won' Edward Wedbush fix his leaky roof?

The peeling shingles and tarps sit atop his singe story home in Ladera Heights (south of Beverly Hills)

The band aid o the roof has apparently been aye sore for years in his neighborhood of carefully manicured mid century homes.

"Neighbor say that they have written letters, passed along bids from roofing contractors and evened up potential buyers for the home at no avail. Wedbus, 78 occasionally climbs onto the roof in a bathrobe and slippers to rearrange them , neighbors say. "

County targets home

When it comes to the Ladera Heights home, however, Wedbush doesn't try to defend himself.

The 3,400-square-foot house was the family's main residence for years. Wedbush's principal home now is in Rancho Santa Fe, but he spends several nights a week at the Ladera Heights property.

"It looks like a tear-down," said Maggie Southern, who lives across the street. "Everybody's incensed."

Los Angeles County sued Wedbush in September, asking a Superior Court judge to order Wedbush to fix his dilapidated roof. The complaint said county building inspectors documented the roof's rotting shingles and a beehive as far back as 2007, and that Wedbush ignored repeated orders to make repairs.

Wedbush said he took steps to fix the roof but stopped because the house has extensive mold, which he blamed on hillside drainage problems.

"I've had to live in that place, and I've got some potential infections from the mold," Wedbush said. "My wife won't even enter the house. We've suffered."

He said he probably would demolish the house and buy another one nearby.

"It's embarrassing," he said. "It's very tough for me. A person of my business responsibilities, to find themselves in that kind of a situation ... "

Los Angeles Times reporter Tom Petruno contributed to this report.

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