Pinkberry Founder Busted in Homeless Beating Yogurt tycoon accused of attacking panhandler over tattoo By Rob Quinn, Newser Staff Posted Jan 18, 2012 12:23 AM CST 1 comment Comments Pinkberry, founded in 2005, now has more than 170 locations worldwide. (Photo: HMSHost) (Newser) – The co-founder of the Pinkberry frozen yogurt chain has been arrested for a savage attack on a homeless panhandler in Los Angeles, according to law enforcement authorities. Prosecutors say Young Lee and an unidentified second suspect—believing the homeless man had disrespected them by displaying a sexually explicit tattoo—beat him with a tire iron, leaving him with a broken arm and cuts to his head. Witnesses reported the incident to police. Lee, a former kickboxer, was arrested when he arrived in LA on a flight from South Korea, ABC reports. Lee, who was convicted of possession of a controlled substance and carrying a loaded firearm in 2001, faces up to seven years in prison if convicted of assault with a deadly weapon. Pinkberry released a statement saying Lee is no longer involved with the company, which "stands against acts of violence of any kind, especially those involving the most vulnerable among us."