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  • American Injustice: Readers React to Theft Conviction of Advisor for Selling an Annuity

    March 10, 2012 by Peter Winer

    CAMP HILL, Pa. (March 5, 2012) — Readers have responded overwhelmingly to an exclusive InsuranceNewsNet Magazine article about an insurance producer who was convicted of felony theft for selling an annuity. Readers have left more than 70 comments on the online version of the article and have sent dozens of email messages to INN asking about the case and how they can help Glenn A. Neasham, an annuity agent in California who was sentenced to jail for selling an indexed annuity to an 83-year-old woman.

    Click here to read the article.

    Because of the response, InsuranceNewsNet is publicizing the link to the fund Neasham has established. INN Publisher Paul Feldman acknowledges that it is an unusual step to publicize a fund arising from a news article.

    “We have probably had more comments, emails and phone calls about this article than any other,” Feldman says. “I understand the outrage. I have sold annuities myself and cannot imagine having this happen especially after following the rules. People want to help because they can easily see this happening to them.” Neasham has been sentenced to 300 days in jail, reduced to 90 days. He is asking for an appeal, but owes his lawyer more than $40,000 and has no income because his business has been ruined. He has established an account to accept donations. Click here for the link.

    InsuranceNewsNet did not establish this fund and is not administering it.

    About InsuranceNewsNet

    InsuranceNewsNet is a print and web publisher for insurance producers, executives and industry professionals in the life, health and annuity industries. InsuranceNewsNet Magazine delivers news and business guidance covering the scope of the industry to 50,000 subscribers. www.insurancenewsnet.com is visited by more than 600,000 insurance professionals per month and offers readers real-time news, sales strategies and market research on a daily basis.

    For more information, contact:

    InsuranceNewsNet.com: Peter Winer at 717-441-9357, ext. 118 or pwiner@insurancenewsnet.com

    © Entire contents copyright 2012 by InsuranceNewsNet.com Inc. All rights reserved. No part of this article may be reprinted without the expressed written consent from InsuranceNewsNet.com.

    Originally Posted at InsuranceNewsNet on March 5, 2012 by Peter Winer.

    Categories: Industry Articles
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