Former Ameriprise Adviser Pleads Guilty to Defrauding Clients

Posted on October 21st, 2014 at 10:31 AM

From the Desk of Jim Eccleston at Eccleston Law Offices:

Susan Elizabeth Walker, a former registered financial advisor with Ameriprise Financial Services, Inc., pled guilty to stealing nearly $1 million from at least 24 victims.  

From October 2008 to March 2013, Walker stole money from her clients by misusing her access to several victim retirement accounts, causing checks to be drawn from victim accounts and then depositing the checks into accounts that she controlled.

Walker also opened investment brokerage accounts in her own name, and in the names of several victim-clients, without their knowledge or authorization, which she used to conceal money stolen from other clients. She caused money to be withdrawn from retirement accounts belonging to clients and deposited that money into those brokerage accounts, which she took for her personal use.

The attorneys of Eccleston Law Offices represent investors and advisers nationwide in securities and employment matters. Our attorneys draw on a combined experience of nearly 50 years in delivering the highest quality legal services.

Related Attorneys: James J. Eccleston


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