SEC v. Wendy Swensen (2025)

Judgment entered

Checked against the primary document on October 3, 2026. The library's summary, tags and figures for this record were compared with the regulator's own document by an AI model (Claude) following written instructions, with sampled and disputed records read a second time. No lawyer has reviewed them. A checked record can still contain errors, and checked does not mean endorsed. See how we check records or report a correction.

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In August 2025 the SEC announced a judgment against Wendy Swensen. On 31 July 2025 a settled judgment ordered relief defendant Wendy Swensen to repay $3,839,009: $3,626,138 of investor funds, $41,279 of interest, and $171,592 of interest she earned. The SEC alleged her late husband made Ponzi-like payments and made no allegation against her.

The record

Structured fields for this action, as recorded in our case library.
Agency	SEC
Release number	LR-26377
Date filed	2025-08-18
Date resolved	2025-08-18
Court	U.S. District Court, District of Utah
Status	judgment
Criminal parallel	No
Defendants	Wendy Swensen (individual)
Techniques

What was ordered

Civil penalty: —
Disgorgement: $3.6m
Prejudgment interest: $41.3k
Total relief: $3.7m
Alleged gain: —

A dash means the release did not state a figure we could extract, not that the figure is zero. Penalty and disgorgement are stored separately so aggregates across the library do not double-count the same dollars.

What is alleged to have happened

The Securities and Exchange Commission announced this matter on August 18, 2025 as release LR-26377. On 31 July 2025 a settled judgment ordered relief defendant Wendy Swensen to repay $3,839,009: $3,626,138 of investor funds, $41,279 of interest, and $171,592 of interest she earned. The SEC alleged her late husband made Ponzi-like payments and made no allegation against her.

This library does not tag the matter as a Ponzi scheme: on a source check, the document mentions Ponzi-like payments only in passing, or as part of another party's scheme, and the charges are about something else. The tagging is ours, not the regulator's: agencies charge statutory provisions, not technique names.

The relief recorded in our data is disgorgement of $3,626,138, prejudgment interest of $41,279, as the release or order states it. Penalty and disgorgement are distinct: disgorgement returns the gain, while the penalty is punitive. We store them separately so that aggregate figures across the library are not double-counted.

Timeline

2025-08-18 Litigation release published

Primary documents

Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.

SEC litigation release

The linked release is a work of the United States government and is not subject to copyright. Our summary and narrative above are our own writing.

Record added September 10, 2026. submit a correction.