- 11,453
I live in Riverside, CA... and election day is tomorrow. That scumbag (meaning the D.A.) had better not get re-elected!
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Everybody seems to dance around the fact that the whole thing is stupid. He is an agent selling annuities. The products were approved by the state and the apps approved by the carriers.
If he was charged with forgery, or falsifying credentials to mislead the applicant, or something that is actually illegal, it would make more sense.
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Good point. I never meet clients in their homes for annuity sales.
If he was charged with forgery, or falsifying credentials to mislead the applicant, or something that is actually illegal, it would make more sense.
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Good point. I never meet clients in their homes for annuity sales.
- 15,041
False arrest and kidnapping. You held them hostage in your office until they bought...
If someone is really on a withhunt to win an election, do you think they are going to let little things like that stand in their way?
- 142
I think you're referring to this guy:
"Riverside County District Attorney Paul Zellerbach’s office sponsored in April to educate the community. Zellerbach is in a bitter fight for re-election this year and is campaigning under the slogan, “One Tough District Attorney!”
Zellerbach has been accused of knocking down his opponent’s signs, prompting the state attorney general to review whether to file criminal charges at the request of the Indio Police Department, according to local media. Police organizations have pulled their endorsements of Zellerbach’s candidacy and several of those organizations have called for Zellerbach’s resignation.
Zellerbach’s election prospects would benefit from what he would consider a victory against elder abuse."
- 11,453
Yep. That's who I meant. Didn't see your post before mine talking about the agent being a scumbag, so I edited my post.
I thought sure you were going to say something about the "twisting" that may have occurred, and my response to that would be aren't the carriers complicit? bunch of punk ass, bitch ass, creepy ass crackers leave the agent twisting in the wind.
- 15,041
Based on what we know and his statement, it does appear there was some twisting and churning. After all, he had them surrender Allianz for North American while inside the surrender charge period. It appears his defense is that he didn't do his due diligence on the Allianz product, weak defense for an insurance agent.
Just because compliance approved it does not mean he did not commit twisting or churning. Whoever approved the transactions should face punishment as well. But this seems more a case for the DOI than the State's Attorney.
Again, we don't have all the facts. It does seem a fine and temporary or permanent ban from the industry would be a suitable punishment for both him and the compliance officers who signed off. He may not have had a securities license, but someone at North American had to approve the replacement paperwork.
- 8,707
Not just the carriers but the state all benefited from the transaction if premium taxes were paid. Love the fact the DA is breaking laws to get reelected what are the chances as a politician they will actually go after him?
It is sad what is taking place in CA and what has taken place over the years I've been gone from the State. I'd be afraid to be in any business in CA because there are a lot of land mines to step on in CA.
" It's because I live in California, where all this crap can happen!"
" It's because I live in California, where all this crap can happen!"
Most people don't understand annuities. Those that understand them forget the details and why they bought them. It is all about your relationship with your client.
I rolled my house load a couple of times when rates were declining. I incurred charges. According to my calculations, each replacement was in my best interest. With hind sight, I would not have done the 1st replacement. It doesn't matter. I did it AND at the time it was in my best interest.
I've known people who have received long prison sentences for things that I know they didn't do. My take is: The police and DA will lie, cheat & steal to get a conviction. There is no "fair" trial. Your best option is to realize that guilt or innocence doesn't have any bearing on the outcome. Go find the meanest, dirtiest, most competent attorney that you can.
We have one of the highest incarceration rates in the world - 4 - 6 times more people in jail than China. Our legal system does a GREAT job - of sending people to jail. Perhaps we are more criminally intentioned that other countries. Perhaps it is because we've turned a prisoner into a revenue source.
I can only speculate - and try to stay out of jail.
I rolled my house load a couple of times when rates were declining. I incurred charges. According to my calculations, each replacement was in my best interest. With hind sight, I would not have done the 1st replacement. It doesn't matter. I did it AND at the time it was in my best interest.
I've known people who have received long prison sentences for things that I know they didn't do. My take is: The police and DA will lie, cheat & steal to get a conviction. There is no "fair" trial. Your best option is to realize that guilt or innocence doesn't have any bearing on the outcome. Go find the meanest, dirtiest, most competent attorney that you can.
We have one of the highest incarceration rates in the world - 4 - 6 times more people in jail than China. Our legal system does a GREAT job - of sending people to jail. Perhaps we are more criminally intentioned that other countries. Perhaps it is because we've turned a prisoner into a revenue source.
I can only speculate - and try to stay out of jail.
