The latest in the Glenn Neasham annuity trial

By Lauren McNitt

ProducersWEB


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. 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.

Update:

On March 20, the judge permitted Neasham to post bail pending appeal, according to his attorney. The bail was set at $20,000. Neasham is expected to post bail before his April 18 turn in date, which will delay his jail sentence until the conclusion of the 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

Agent faces up to four years in prison for selling an annuity
By Roccy DeFrancesco

Advice for advisors working with elderly clients: a lawyer and son's perspective
By Hale Stewart

Selling annuities to the elderly: appropriate or not?
By Lauren McNitt

Annuities and the elderly
By Patricia Grace

The Glenn Neasham case and the downside of regulation
By Jeffrey Reeves

WSJ does hatchet job on Glenn Neasham trial story
By Roccy DeFrancesco

Glenn Neasham: Why the cavalry may not be coming
By Stephen Forman

Glenn Neasham case timeline
By Lauren McNitt

More from around the Web:

Glenn Neasham Case: Advisors Weigh Impact
By Maria Wood

Neasham Case: The Silence is Deafening
By Brian Anderson

Glenn Neasham case: Will advisors now need to assess clients for dementia?
By Maria Wood

Glenn Neasham Case: What will be the impact?
By Brian Anderson, LifeHealthPro.com

Annuity sales in the post-Madoff era
By Maria Wood, LifeHealthPro.com

Annuity salesman sent to prison
By Michael Ham, LifeHealthPro.com

Avoiding the dementia trap
By Harry Lew, LifeHealthPro.com

Former insurance agent sentenced in elder theft case; appeal planned
By Elizabeth Larson, Lake County News

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