Tuesday, March 13, 2012

The latest in the Glenn Neasham annuity trial

Editor’s note: This page is dedicated to keeping you abreast of what’s happening in the Glenn Neasham case and its implications for the industry. A variety of industry experts have contributed articles and blogs to ProducersWEB, which I have compiled on this page. I have also included links to helpful outside sources. The page will be updated consistently.

Overview:

A 12-person jury found former insurance agent Glenn Neasham, 52, guilty of felony theft on Oct. 23, 2011 for selling an annuity to an elderly woman.

Judge Richard Martin on Feb. 29, 2012 denied the motion for a new trial, refused to drop the felony charge to a misdemeanor and sentenced Neasham to probation and 300 days in jail. Martin stayed all but 90 days of the sentence. Neasham is due to turn himself in on April 18. He plans to appeal.

Read more:

Agent facing jail time for selling an annuity: interview with Glenn Neasham
By Paul Wilson

An annuity nightmare continues in California: Glenn Neasham sentenced to jail, Pt. 1
By Richard Duff

An annuity nightmare continues in California: Glenn Neasham sentenced to jail, Pt. 2
By Richard Duff

The outrage over Glenn Neasham: a different perspective
By Sheryl Moore

For more content relating to the case.