Agent Arrested and Convicted for Selling an Annuity.

[Mark]

$10,248.96 wow and I bet you still owe the 1st lawyer right?

 

[djs]

$10,248.96 wow and I bet you still owe the 1st lawyer right?

Does it matter if he does?
I can't put myself in Glenn's shoes, so I'm not going to pass judgement on him trying to find a way out of the issues he is having.

Regardless of your profession, it only takes someone accusing you have doing something wrong to get you in big legal trouble.

Dan

 

[Mark]

Does it matter if he does?
I can't put myself in Glenn's shoes, so I'm not going to pass judgement on him trying to find a way out of the issues he is having.

Regardless of your profession, it only takes someone accusing you have doing something wrong to get you in big legal trouble.

Dan

No judgement pass. Matter of fact, I help Glenn by scanning and posting a lot of docs.

My questioning is how much has he raised and how much does he owe and will owe in future.

Last I saw it , he had not raised very much money. At the end of the day, even if he never spends 1 day in jail, he has paid a big price for this. Not only losing his insurance lic and income but all these lawyers bills. His 1st lawyer and now his new lawyers.

It is how much juctice can you afford these days.

 

[Mr_Ed]

Just curious... In retrospect, do you think you could have done more to ensure what you were doing was in the clients best interests? Maybe contact a family member and have a discussion with the prospect and maybe one of their kids together?

I'm not going to bash you or anything. I personally would not have sold the annuity to her without first having a meeting with her and one of her family members. I think the way you did it was irresponsible. Not criminal, but definitely not responsible and worthy of being sanctioned by California DOI. I just think if she were my mom and someone did this then I'd be very, very upset with the agent and I would probably go after them.

I wish you luck in your appeal and your new water bottle venture. I won't donate to your defense because I believe the way you went about this was wrong and is not representative of the ethical behavior that should be demonstrated by those in our profession.

Again, good luck with your appeal.

Ditto.
Well stated.
- - - - - - - - - - - - - - - - - -

There were NO red flags during the process other than the son not the beneficiary.

jaw hits floor.

 

[bobson]

Ditto.
Well stated.
- - - - - - - - - - - - - - - - - -



jaw hits floor.

I don't get that. The son wasn't beneficiary on the CD either.

I wonder if she was demented when she purchased the CD?

 

[hardworkwillwin]

Mr.Ed,
Do you sell annuities? Like I said before the only "RED FLAG" was the fact the son wasn't the bene.I have tried to help Fran for over 10 years.She was just like all the other senior clients I help.
BANKS DONT WANT TO GIVE UP THE FUNDS.They will fight agents, and the client to keep the money in the CD. Where else do you see a red flag?
There weren't any. Even my assistant said "Fran seemed completely competent, and knew what she was doing. Fran even told DA investigator why she bought annuity, and that no one forced her. Fran said "she purchased the annuity by her own free will, and NO ONE forced her to do it".

 

[pcbinsurance]

Just curious---is Fran still living? If so, how is she doing?

 

[hardworkwillwin]

Just curious---is Fran still living? If so, how is she doing?

Fran is still living. Son conserved her and stuck her in a nursing home. I haven't seen her since trial. She was in the lobby of the court house being conserved at the same time as trial.

 

[Guest]

Fran is still living. Son conserved her and stuck her in a nursing home. I haven't seen her since trial. She was in the lobby of the court house being conserved at the same time as trial.

What about the annuity? Did she keep it or did they give her her money back? Did she make or lose any on the deal?

 

[hardworkwillwin]

What about the annuity? Did she keep it or did they give her her money back? Did she make or lose any on the deal?

February of 2012 Fran got her money back plus interest. $197,256.00. Called the contract
VOID AB INITIO".Where's the crime?