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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.
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Fran Schuber, 83, and her boyfriend Lou Jochim approach Neasham about purchasing an annuity with a CD maturing that month.
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Glenn Neasham sells an annuity to 83-year-old Fran Schuber. She has been diagnosed with the early stages of Alzheimer's, although Neasham says he had no knowledge of this at the time.
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Lake County District Attorney John Hopkins signed a criminal complaint that charged Glenn Neasham (not Fran’s caretaker) “committed theft and embezzlement — financial abuse — with respect to an elder and dependant [sic] adult.”
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Neasham is arrested for allegedly embezzling money from a senior.
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Judge Richard Martin denies Neasham's request for a new trial, sentences him to 300 days in jail, and reduced the sentence to 90 days in jail and three years probation. Neasham's sentence was further reduced to 60 days in jail after applying his good behavior credits.
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ProducersWEB obtains an interview with Glenn Neasham via email.
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Neasham is granted bail set at $20,000 pending appeal. He will need to post bail before April 18 to avoid reporting to jail. The appeal is likely to resolve in one to two years.
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