Agent Arrested and Convicted for Selling an Annuity.
- Thread starter Crabcake Johnny
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- 325
Does this work for you?
Object reference not set to an instance of an object.
It doesn't. Go to insurancenewsnet.com enter Glenn Neasham in search bar.The interesting stuff will pop up.
Object reference not set to an instance of an object.
It doesn't. Go to insurancenewsnet.com enter Glenn Neasham in search bar.The interesting stuff will pop up.
None of it is all that interesting.
Not because it isn't interesting, just because you have done a great job keeping us updated with each new detail.
You could have been a reporter...keep up the good work!
I find the Allianz statement very interesting.
- 325
Glenn Neasham Case
Glenn A. Neasham was convicted of felony theft from an elder on Oct. 21 in California Superior Court. In 2008, he sold an Allianz MasterDex 10 to an 83-year-old woman who was later said to have dementia. Neasham and his assistants have said they did not see any signs of dementia at the time of the sale. Neasham is seeking a new trial.
Article links:
» Audio/Web Conference: The Glenn Neasham Case: Lessons Learned
April 30, 2012 [FONT=Georgia, 'Times New Roman', Times, serif]This webinar is a live interview of lawyers and agents who will dissect the crucial elements of the case. Attendees will be informed of the new thresholds of peril in selling products to seniors. The Society is the only industry organization bringing to its members actionable information about this unprecedented case that brings chills down the spine of anyone who has ever sold a product or given advice to someone age 65 or older. Program includes a Q&A portion.[/font]
» Client's Boyfriend Denies He Knew of Dementia in Neasham Case
April 25, 2012 [FONT=Georgia, 'Times New Roman', Times, serif]The boyfriend of the client at the center of the case against annuity agent Glenn Neasham denied that he knew of dementia, but an investigator's report shows otherwise. Neasham said his client, her boyfriend and her son did not say she was suffering from dementia before or after the sale. Neasham was convicted in a California court of felony theft from an elder for selling his 83-year-old client an indexed annuity...[/font]
» Prosecutor Admits Not Proving Agent Knew Client Had Dementia
March 22, 2012 [FONT=Georgia, 'Times New Roman', Times, serif]Dementia was a central element in the case against Glenn A. Neasham, an insurance producer in California who was convicted of felony theft for selling an annuity to an 83-year-old woman...[/font]
» Bail Granted for Neasham, Keeping Him Out of Jail until Appeal
March 20, 2012 [FONT=Georgia, 'Times New Roman', Times, serif]California agent who was convicted of theft for selling an annuity can stay out of jail if he posts $20,000 bail by April 19...[/font]
» Wholesaler Sees Chilling Effect in Annuity Agent Conviction, Allianz Calls Case 'Unique'
March 20, 2012 [FONT=Georgia, 'Times New Roman', Times, serif]The wholesaler who worked with Glenn Neasham, who was convicted of theft for selling an annuity, says the producer would have documented any signs of dementia in a client...[/font]
» Annuity Agent Loses License After Hearing
March 16, 2012 [FONT=Georgia, 'Times New Roman', Times, serif]California revoked Glenn A. Neasham's insurance license after his request for a new trial was denied. Neasham was convicted of felony theft for selling an annuity to an 83-year-old...[/font]
» Timeline of Events
March 16, 2012 [FONT=Georgia, 'Times New Roman', Times, serif]Timeline in the Glenn A. Neasham case.[/font]
» Neasham Convicted of Theft for Selling an Annuity
February 29, 2012 [FONT=Georgia, 'Times New Roman', Times, serif]Glenn A. Neasham was sure the state didn't have a strong case against him as he watched the jury file into the courtroom with his verdict. But, still, he awoke that October morning with a bad feeling.[/font]
» Judge Sentences Annuity Agent, Rejects New Trial Motion
February 29, 2012 [FONT=Georgia, 'Times New Roman', Times, serif]Glenn A. Neasham was sentenced yesterday to 300 days in jail, which was reduced to 90 days after his request for a new trial was denied. Neasham was convicted in a California county court of theft from an elder for selling an indexed annuity to an 83-year-old. His attorney said he filed an appeal in a higher court.[/font]
Other:
» Order of Summary Revocation
[FONT=Georgia, 'Times New Roman', Times, serif]Copy of Glenn A. Neasham's license revocation by the state of California.[/font]
» Reply from Allianz Concerning the Case
[FONT=Georgia, 'Times New Roman', Times, serif]Desk Statement on the Sentencing of Former Allianz Agent Glenn Neasham[/font]
» Readers React; Neasham Establishes Fund
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[FONT=Verdana, Arial, Helvetica, sans-serif]Client's Boyfriend Denies He Knew of Dementia in Neasham Case[/FONT]
April 26, 2012
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For more on the case, visit the Glenn Neasham page.
By Steven A. Morelli
InsuranceNewsNet
The boyfriend of a client at the center of annuity agent Glenn Neasham's case claimed he did not know the client had dementia even though an investigator's report showed he admitted knowing -- just months after an annuity sale that led to Neasham's theft conviction.
Neasham was convicted of felony theft from an elder in California court in October for selling an Allianz MasterDex 10 indexed annuity to an 83-year-old woman said to have been diagnosed with dementia in 2003. The prosecutor said Neasham knew about the client's disorder but Neasham said he did not see any signs of it in two meetings with her. Two of his assistants also testified that they did not see any indications of dementia. The prosecutor, Rachel Abelson, admitted to InsuranceNewsNet that she did not prove in court that Neasham knew about the dementia.
The client, Fran Schuber, visited Neasham at his Lakeport, Calif., office on Feb.1, 2008, with her boyfriend, Louis Jochim, to discuss buying an annuity similar to one owned by Jochim. A CD of hers worth $239,000 was about to mature and the couple thought she would get a better return from an indexed annuity. Jochim had made about 10 percent on his Allianz annuity the prior year. Schuber indicated in a questionnaire that she was in good health.
Jochim, who lived with Schuber, told InsuranceNewsNet that he didn't tell Neasham about Schuber's dementia because he didn't know about it.
"I didn't know there was anything wrong with her," said Jochim, who had a relationship with Schuber for about 12 years by the time of the transaction. "In the later years she was getting forgetful, sure, but she still did her own work. She cleaned house, did some dusting, made her bed herself if I wasn't there to help her. And she'd do some things in the kitchen."
Abelson, however, said Jochim told investigators two months after the transaction that he knew.
"The boyfriend told my investigators a few months after the transaction that she had been diagnosed with Alzheimer's," Abelson said. "So it seems a little strange that it wouldn't have been mentioned during this transaction."
The district attorney's investigators had become involved after Schuber and Jochim visited a bank branch to take money from the maturing CD to purchase the annuity. The branch manager called the county elder abuse unit to complain about Jochim's influence over Schuber.
Jochim said bank personnel were giving Schuber and him a hard time about using the money from the CD for an annuity, which would not be covered by the Federal Deposit Insurance Corp. (FDIC).
"The person I was talking to had an angry attitude and one thing she said is if you put the money over with Glenn, you won't be able to get that government protection, FCIA or whatever it's called," Jochim said.
The bank manager spoke to Neasham by phone while the couple was at the bank. Neasham said he explained the annuity, "but then she said, 'we don't have a problem with the annuity – we have a problem with Lou.' " The manager also said Schuber was confused about the annuity.
When Schuber returned to Neasham's office, Neasham said he asked her if she understood the annuity and if she had any questions. She said she did not and gave Neasham the $175,000 check. Later, when Neasham delivered the policy, he had Schuber and Jochim sign a statement restating the basic terms of the annuity.
Although Allianz Life has a policy of calling all applicants 75 and older, the company instituted the practice just a few weeks after the Schuber sale and had not called her, a company spokesperson said.
DA Investigator Interviews Couple
After the bank manager complained to the county district attorney's elder abuse unit about Jochim's undue influence over Schuber, investigators interviewed the couple at their residence on April 1, 2008. An audio recording was made of the meeting but prosecutors denied the existence of the tape until closing arguments during Neasham's trial in October 2011. The tape was not played for the court, but the jury did see a video of an interview with Schuber from the summer of 2011 in which, by all accounts, she appeared to be suffering from dementia
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Glenn A. Neasham was convicted of felony theft from an elder on Oct. 21 in California Superior Court. In 2008, he sold an Allianz MasterDex 10 to an 83-year-old woman who was later said to have dementia. Neasham and his assistants have said they did not see any signs of dementia at the time of the sale. Neasham is seeking a new trial.
Article links:
» Audio/Web Conference: The Glenn Neasham Case: Lessons Learned
April 30, 2012 [FONT=Georgia, 'Times New Roman', Times, serif]This webinar is a live interview of lawyers and agents who will dissect the crucial elements of the case. Attendees will be informed of the new thresholds of peril in selling products to seniors. The Society is the only industry organization bringing to its members actionable information about this unprecedented case that brings chills down the spine of anyone who has ever sold a product or given advice to someone age 65 or older. Program includes a Q&A portion.[/font]
» Client's Boyfriend Denies He Knew of Dementia in Neasham Case
April 25, 2012 [FONT=Georgia, 'Times New Roman', Times, serif]The boyfriend of the client at the center of the case against annuity agent Glenn Neasham denied that he knew of dementia, but an investigator's report shows otherwise. Neasham said his client, her boyfriend and her son did not say she was suffering from dementia before or after the sale. Neasham was convicted in a California court of felony theft from an elder for selling his 83-year-old client an indexed annuity...[/font]
» Prosecutor Admits Not Proving Agent Knew Client Had Dementia
March 22, 2012 [FONT=Georgia, 'Times New Roman', Times, serif]Dementia was a central element in the case against Glenn A. Neasham, an insurance producer in California who was convicted of felony theft for selling an annuity to an 83-year-old woman...[/font]
» Bail Granted for Neasham, Keeping Him Out of Jail until Appeal
March 20, 2012 [FONT=Georgia, 'Times New Roman', Times, serif]California agent who was convicted of theft for selling an annuity can stay out of jail if he posts $20,000 bail by April 19...[/font]
» Wholesaler Sees Chilling Effect in Annuity Agent Conviction, Allianz Calls Case 'Unique'
March 20, 2012 [FONT=Georgia, 'Times New Roman', Times, serif]The wholesaler who worked with Glenn Neasham, who was convicted of theft for selling an annuity, says the producer would have documented any signs of dementia in a client...[/font]
» Annuity Agent Loses License After Hearing
March 16, 2012 [FONT=Georgia, 'Times New Roman', Times, serif]California revoked Glenn A. Neasham's insurance license after his request for a new trial was denied. Neasham was convicted of felony theft for selling an annuity to an 83-year-old...[/font]
» Timeline of Events
March 16, 2012 [FONT=Georgia, 'Times New Roman', Times, serif]Timeline in the Glenn A. Neasham case.[/font]
» Neasham Convicted of Theft for Selling an Annuity
February 29, 2012 [FONT=Georgia, 'Times New Roman', Times, serif]Glenn A. Neasham was sure the state didn't have a strong case against him as he watched the jury file into the courtroom with his verdict. But, still, he awoke that October morning with a bad feeling.[/font]
» Judge Sentences Annuity Agent, Rejects New Trial Motion
February 29, 2012 [FONT=Georgia, 'Times New Roman', Times, serif]Glenn A. Neasham was sentenced yesterday to 300 days in jail, which was reduced to 90 days after his request for a new trial was denied. Neasham was convicted in a California county court of theft from an elder for selling an indexed annuity to an 83-year-old. His attorney said he filed an appeal in a higher court.[/font]
Other:
» Order of Summary Revocation
[FONT=Georgia, 'Times New Roman', Times, serif]Copy of Glenn A. Neasham's license revocation by the state of California.[/font]
» Reply from Allianz Concerning the Case
[FONT=Georgia, 'Times New Roman', Times, serif]Desk Statement on the Sentencing of Former Allianz Agent Glenn Neasham[/font]
» Readers React; Neasham Establishes Fund
- - - - - - - - - - - - - - - - - -
[FONT=Verdana, Arial, Helvetica, sans-serif]Client's Boyfriend Denies He Knew of Dementia in Neasham Case[/FONT]
April 26, 2012
SHARE THIS:
Share on facebookShare on twitterImage:
For more on the case, visit the Glenn Neasham page.
By Steven A. Morelli
InsuranceNewsNet
The boyfriend of a client at the center of annuity agent Glenn Neasham's case claimed he did not know the client had dementia even though an investigator's report showed he admitted knowing -- just months after an annuity sale that led to Neasham's theft conviction.
Neasham was convicted of felony theft from an elder in California court in October for selling an Allianz MasterDex 10 indexed annuity to an 83-year-old woman said to have been diagnosed with dementia in 2003. The prosecutor said Neasham knew about the client's disorder but Neasham said he did not see any signs of it in two meetings with her. Two of his assistants also testified that they did not see any indications of dementia. The prosecutor, Rachel Abelson, admitted to InsuranceNewsNet that she did not prove in court that Neasham knew about the dementia.
The client, Fran Schuber, visited Neasham at his Lakeport, Calif., office on Feb.1, 2008, with her boyfriend, Louis Jochim, to discuss buying an annuity similar to one owned by Jochim. A CD of hers worth $239,000 was about to mature and the couple thought she would get a better return from an indexed annuity. Jochim had made about 10 percent on his Allianz annuity the prior year. Schuber indicated in a questionnaire that she was in good health.
Jochim, who lived with Schuber, told InsuranceNewsNet that he didn't tell Neasham about Schuber's dementia because he didn't know about it.
"I didn't know there was anything wrong with her," said Jochim, who had a relationship with Schuber for about 12 years by the time of the transaction. "In the later years she was getting forgetful, sure, but she still did her own work. She cleaned house, did some dusting, made her bed herself if I wasn't there to help her. And she'd do some things in the kitchen."
Abelson, however, said Jochim told investigators two months after the transaction that he knew.
"The boyfriend told my investigators a few months after the transaction that she had been diagnosed with Alzheimer's," Abelson said. "So it seems a little strange that it wouldn't have been mentioned during this transaction."
The district attorney's investigators had become involved after Schuber and Jochim visited a bank branch to take money from the maturing CD to purchase the annuity. The branch manager called the county elder abuse unit to complain about Jochim's influence over Schuber.
Jochim said bank personnel were giving Schuber and him a hard time about using the money from the CD for an annuity, which would not be covered by the Federal Deposit Insurance Corp. (FDIC).
"The person I was talking to had an angry attitude and one thing she said is if you put the money over with Glenn, you won't be able to get that government protection, FCIA or whatever it's called," Jochim said.
The bank manager spoke to Neasham by phone while the couple was at the bank. Neasham said he explained the annuity, "but then she said, 'we don't have a problem with the annuity – we have a problem with Lou.' " The manager also said Schuber was confused about the annuity.
When Schuber returned to Neasham's office, Neasham said he asked her if she understood the annuity and if she had any questions. She said she did not and gave Neasham the $175,000 check. Later, when Neasham delivered the policy, he had Schuber and Jochim sign a statement restating the basic terms of the annuity.
Although Allianz Life has a policy of calling all applicants 75 and older, the company instituted the practice just a few weeks after the Schuber sale and had not called her, a company spokesperson said.
DA Investigator Interviews Couple
After the bank manager complained to the county district attorney's elder abuse unit about Jochim's undue influence over Schuber, investigators interviewed the couple at their residence on April 1, 2008. An audio recording was made of the meeting but prosecutors denied the existence of the tape until closing arguments during Neasham's trial in October 2011. The tape was not played for the court, but the jury did see a video of an interview with Schuber from the summer of 2011 in which, by all accounts, she appeared to be suffering from dementia
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- 8,707
What I took from the above posts is it has almost been a year since sentencing.....Will this thread ever die?
Glenn have you served a day of your sentence?
Glenn have you served a day of your sentence?
I don't think this will die until Neasham is exhonerated.
- Thread starter
- #2,068
- 14,808
Some thoughts as these seems to drag on into infinity.
If this was happening to me, I'd be doing exactly what Glenn is doing...up to a point. First, I'd want...and even pay for, some unbiased legal opinions regarding my true chances on an appeal.
Outside of watching too much TV and reading some articles online, getting a conviction overturned is actually quite difficult.
But there comes a point, emotionally and financially when you just check in, do your time, and get out. I can't imagine six months (that was the sentence?) but only going by MD - anything under 18 months is county time and anything non-violent is work-release eligible - if not home monitoring.
I wish Glenn the best on his appeal but it's looking like a financial black hole. $25,000 for an attorney to handle the appeal? I ran that past my brother (attorney) and he asked how many people he killed.
If this was happening to me, I'd be doing exactly what Glenn is doing...up to a point. First, I'd want...and even pay for, some unbiased legal opinions regarding my true chances on an appeal.
Outside of watching too much TV and reading some articles online, getting a conviction overturned is actually quite difficult.
But there comes a point, emotionally and financially when you just check in, do your time, and get out. I can't imagine six months (that was the sentence?) but only going by MD - anything under 18 months is county time and anything non-violent is work-release eligible - if not home monitoring.
I wish Glenn the best on his appeal but it's looking like a financial black hole. $25,000 for an attorney to handle the appeal? I ran that past my brother (attorney) and he asked how many people he killed.
- 8,707
Crabcake Johnny said:
I agree to a point. The point being convicted of a felony. That's a Yes answer on almost every job application. Though he might be better serving the time and going to work and then work on getting the verdict overturned.
- Thread starter
- #2,070
- 14,808
Norway, I agree. If convicted of a felony you're basically self-employed. I'm basing what I would do if I was already convicted.
No one wants to go to jail. I might be doing everything Glenn is doing and actually more. Who knows, I'm not in his shoes.
I'm saying there's a point I'd reach where spending 20K, 50k...100K? does more harm than good for my family...especially if I didn't have the money.
I'm also saying that it's a 6 mo sentence, non-violent and he'd have to look into work release and home detention. He can even file for a sentence modification.
Past that, in my county there's a formula for shaving time off for good behavior. I forgot the math but he'd do about 3 1/2 months.
No one wants to go to jail. I might be doing everything Glenn is doing and actually more. Who knows, I'm not in his shoes.
I'm saying there's a point I'd reach where spending 20K, 50k...100K? does more harm than good for my family...especially if I didn't have the money.
I'm also saying that it's a 6 mo sentence, non-violent and he'd have to look into work release and home detention. He can even file for a sentence modification.
Past that, in my county there's a formula for shaving time off for good behavior. I forgot the math but he'd do about 3 1/2 months.
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