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Old 03-19-2012, 04:17 PM   #21
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Originally Posted by traineeinvestor View Post
2. as we get older, will we be increasingly either denied access to a range of financial products or be required to proove mental competence before we can get them?
Originally Posted by RetireBy90 View Post
On the one hand we don't know all the details, the jury heard both sides and found him guilty, so I have to trust that there was some evidence he knew of her condition.
In his defense, my father in mid-stage Alzheimer's can carry on a social conversation in a coffee-house environment for up to 30 minutes with someone before they realize that something's not quite right.

But the sales guy had to have figured that out by the time he finished "explaining" the product to her. It sounds as if there was convincing evidence at the trial that he was expected to realize she was demented. I bet his e-mail was subpoena'd.


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Old 03-19-2012, 08:41 PM   #22
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Originally Posted by RetireBy90 View Post
Perhaps we need to bear in mind that her boyfriend brought her to the salesman with the express purpose to purchase this product.
Which leads to the question, what are the death benefits and who is the beneficiary?

"Good judgment comes from experience. Experience comes from bad judgement." - Anonymous (not Will Rogers or Sam Clemens)
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Old 03-19-2012, 09:11 PM   #23
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This case is insane. Just an insurance comisioner and a prosecutor trying to make a name for themselves. What was wrong with that jury? Oh, I know, the agent was a 1%er.

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Old 03-20-2012, 01:56 AM   #24
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Originally Posted by haha View Post
This case is insane. Just an insurance comisioner and a prosecutor trying to make a name for themselves. What was wrong with that jury? Oh, I know, the agent was a 1%er.

If the fact are as presented by the article, I some what agree. If she was brought to the office by her boyfriend who was a satisfied customer I don't think the case is particularly cut and dried. I am surprised with so many worse abuses of the elder insurance sales and other financial advisers I am surprised that is the rare case where somebody went to jail.

Still I found a salesman task harder than selling ice to Eskimos.

As his April 18 reporting date to Lake County Hill Road Jail approaches, Mr. Neasham said he has had "really bad dreams" about going behind bars. Once earning $500,000 annually, he now seeks donations for legal fees.
I think the board should raise money to help pay for Mr. Neasham legal fees. Poor guy he was making 500K a year and now can't pay his lawyers. Who is with me

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