Mr. Neasham is duping his clients into closing their annuity accounts in order to invest in his start-up water company, OxyboostH2O! Then misappropriating the funds. I was a client who opened an Allianz life insurace annuity account with The Safe Money Guy, and who was later conned into investing thousands in his new company. I didnt think that a Certified Senior Advisor and member of the National Ethics Bureau would knowingly engage in immoral behavior.
I was never informed of the serious conflict-of-interest issues, I was constantly constantly harassed to give him more money for this "amazing opportunity, " our personal information was given out to lenders who tried to get us to mortgage our house, and when we refused to spend any more money because of concern for how he was handling the business and misappropriating other people's funds, he became threatening, coercive, and vindictive. OxyboostH2O! Is being mismanaged and will likely fail. My husband and I have, of course, changed agents.
I am concerned about what he may be doing to other clients, especially seniors who are even more vulnerable, with no one looking over his shoulder. Before doing business with Mr. Neasham, my husband and I did extensive searches online for any "red flags" about him - and never found any. (I now know the reason for this is that when he gets into trouble with people he uses a variety of methods to convince people to back down.) Hopefully this report will help be a red flag for consumers who are doing their research before deciding to do business with him.
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