Public RecordVerified
Affinity-Based Ponzi Scheme Targeting Retirees
An investment advisor promised guaranteed high returns to members of religious and community groups, using new investor money to pay earlier participants while siphoning funds for personal use.
- Jurisdiction
- National
- Incident
- 2019–2024
- Published
- 2026-10-13
- Reported loss
- —
Daniel Wetherbee
Investment adviser
- Charges
- Securities fraud · Wire fraud
- Status
- Sentenced
- Jurisdiction
- National
- Aliases
- —
- Incident
- 2019–2024
Case stages
- Raised
- Charged
- Plea
- Sentenced
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Sources & provenance
- Open sourceU.S. Securities and Exchange Commission / Department of Justicegovernment