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Jean Walsh-Josephson Former Thrivent Financial Advisor Charged In $1.5 Million Theft From Elderly Clients

Soreide Law Group is currently filing multiple cases as a result of a former Oshkosh, Wisconsin licensed financial advisor with Thrivent Investment Management Inc., who allegedly stole $1.5 million from multiple Wisconsin seniors.

JEAN A. WALSH-JOSEPHSON (CRD# 2736044) Alternate Names: JEAN ANN JOSEPHSON, JEAN WALSHJOSEPHSON, 56 years-old, was charged on Tuesday, November 24th., 2015, with 20 counts of theft in a business setting of more than $10,000 each. A preliminary hearing is set for December 10th., 2015.

In the nine-page criminal complaint, allegedly Walsh-Josephson deposited 10 checks totaling nearly $450,000, from Feb. 1, 2012, to March 10, 2012, into her own personal bank account or the bank account of her business, 44 Financial LLC. Thrivent Financial, which is a faith-based financial services group, confirmed that none of the payments were ever made on the client's behalf.

Also, the alleged records of 11 checks from a second victim, which totaled nearly $534,000, from May 16, 2012 to Jan. 22, 2015, were deposited into either Walsh-Josephson's own personal bank account or 44 Financial. Thrivent said they had no record of payments ever being made.

Walsh-Josephson previously was charged with seven counts of theft in a business setting of more than $10,000 each after authorities say she stole more than $475,000 from at least four clients, according to court documents. One of the clients Walsh-Josephson allegedly stole more than $300,000 is a widower who lives on $975 a month and invested his entire life savings with Walsh-Josephson.

Walsh-Josephson faces up to 277 ½ years in prison. Her next court appearance is scheduled for Dec. 1.

According to FINRA's BrokerCheck, JEAN A. WALSH-JOSEPHSON worked 19 years in the securities industry and was registered with the following firm:

07/1996 - 09/2015 THRIVENT INVESTMENT MANAGEMENT INC. (CRD# 18387) - OSHKOSH, WI

We are actively seeking those victims of JEAN A. WALSH-JOSEPHSON formerly with THRIVENT INVESTMENT MANAGEMENT INC of Oshkosh, Wisconsin. Call Soreide Law Group for a no-cost consultation on how to potentially recover your financial losses at: 888-760-6552, or visit our website at securitieslawyer.com.

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.