A Florida man is out of jail on Thursday after he was arrested for destroying a local television news crew's equipment with a knife and then threatened the life of a reporter.

Local 10's Ross Palombo and photographer Shane Walker setting up for a report about a $5/2-million estate in Fort Lauderdale which allegedly owed $100,000 in taxes on Tuesday when Louis Dominic Paolino III came out of the house with a knife and began slashing various pieces of broadcasting equipment, which were sitting on public property.

Paolino then came at Walker with the knife, and much of the confrontation was caught on camera.

According to a police report, Paolino ordered Walker to "stop filming me or I'll slit your throat."

Palombo called 911 and a SWAT team arrived, surrounding the house for over two hours before leaving. Paolino was allowed to negotiate a time to turn himself in to police at a later date.

Paolino surrendered on Thursday and was charged with aggravated assault, criminal mischief and grand theft.

According to the Broward-Palm Beach New Times, the home belongs to Paolino's father, Louis Paolino, Jr., who was previously CEO of Mace Security. One website called him "The Garbage King of New Jersey" over a scheme to inflate the price of Eastern Environmental Services and sell it to Waste Management.

The Paolinos reportedly settled their overdue tax bill following Tuesday's incident.

Watch this video from Local 10, broadcast May 8, 2013.

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