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

Nov. 28, 2015 6:27 PM ET
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Soreide Law Group, PLLC, is a securities litigation firm that is committed to helping victims recover financial losses due to fraudulent or negligent conduct on behalf of stock brokers or financial advisors. We are able to represent investors nationwide in the handling of their securities arbitration claims. Our securities lawyers have recovered investment losses due to stock broker negligence or securities fraud from almost every major Wall Street firm in the country. We have brought millions of dollars in securities arbitration claims on behalf of investors before FINRA. 9 out of 10 securities cases Soreide Law Group has brought on behalf of defrauded investors has resulted in a monetary recovery. Of course, results vary and we do not guarantee results

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.

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